Author Question: The real business cycle theory and the new classical theory agree that a. business cycles are ... (Read 64 times)

geoffrey · **on:** Jun 30, 2018

The real business cycle theory and the new classical theory agree that

a. business cycles are driven by changes in aggregate demand.
b. expectations are formed rationally.
c. imperfect information plays a big role in business cycles.
d. none of the above.

Question 2

Residential construction did not return to its 1926 high levels until 1949.

Indicate whether the statement is true or false