Author Question: In real business cycle models, business cycles are caused by ______, while in new Keynesian model, ... (Read 72 times)

jrubin · **on:** Jun 30, 2018

In real business cycle models, business cycles are caused by ______, while in new Keynesian model, business cycles are caused by ________.

a. aggregate demand; aggregate demand
b. aggregate demand; aggregate supply.
c. aggregate supply; aggregate demand.
d. fiscal policy; monetary policy

Question 2

Unlike World War I (191418), the war debt of World War II (194145) was manageable and did not contribute to inflation.

Indicate whether the statement is true or false