Author Question: Real business cycle proponents would agree with all of the following except a. the government's ... (Read 101 times)

JMatthes · **on:** Jun 30, 2018

Real business cycle proponents would agree with all of the following except

a. the government's efforts to stabilize the economy can be counterproductive.
b. unanticipated changes in the money supply are destabilizing to the economy.
c. business cycles are a natural response to technology shocks.
d. markets are perfectly competitive.

Question 2

In England, a system of established markets, the market overt and fairs, had been established. The purpose was to

(a) provide an organized means for the exchange of produced goods or movable property such as livestock.
(b) allow government officials to inspect the quality of the goods and regulate business activities.
(c) provide for the legal transfer of title when chattel goods changed hands between buyers and sellers.
(d) apply all of the above.