Author Question: Shocks to long-run aggregate supply can be a source of business fluctuations ________. A) only in ... (Read 46 times)

schs14

  • Hero Member
  • *****
  • Posts: 569
Shocks to long-run aggregate supply can be a source of business fluctuations ________.
 
  A) only in real business cycle models
  B) only in new Keynesian models
  C) in both real business cycle and new Keynesian models
  D) only if the money supply rises

Question 2

In the new Keynesian model, an ________ increase in productivity will impact ________.
 
  A) unanticipated; both aggregate demand and aggregate supply
  B) anticipated; both aggregate demand and aggregate supply
  C) anticipated; aggregate demand, but not aggregate supply
  D) unanticipated; aggregate demand, but not aggregate supply



debra928

  • Sr. Member
  • ****
  • Posts: 342
Answer to Question 1

C

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Your heart beats over 36 million times a year.

For a complete list of videos, visit our video library