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Author Question: Real business cycle theorists agree with new classical economists that a. agents maximize utility ... (Read 123 times)

jc611

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on: Jun 30, 2018
Real business cycle theorists agree with new classical economists that
 
  a. agents maximize utility and form expectations rationally.
  b. the labor market do not clear.
  c. imperfect information plays a big role in business cycles.
  d. Both a and c

Question 2

The comparative advantage of the South was in
 
  (a) small farms producing for the local market.
  (b) plantation agriculture producing for export.
  (c) manufacturing.
  (d) shipbuilding and trades related to shipbuilding.


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otokexnaru

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

(b)


jc611

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

okolip

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Reply 3 on: Yesterday
Excellent

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