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Author Question: Which of the following models view changes in real supply-side factors as determinants of short-run ... (Read 56 times)

abern

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  • Posts: 533
on: Jun 30, 2018
Which of the following models view changes in real supply-side factors as determinants of short-run fluctuations in output and employment?
 
  a. New classical models
  b. Political business cycle models
  c. Keynesian models
  d. Real business cycle models
  e. none of the above

Question 2

According to supply-side theory, if one starts from a balanced budget, a cut in taxes will tend to cause ________.
 
  A) a budget deficit
  B) no change in the federal government budget
  C) a decrease in aggregate supply and an increase in aggregate demand
  D) a budget surplus


katieost

  • Sr. Member
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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

D


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