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Author Question: An important critique of real business cycle theory is the belief that cyclical movements in total ... (Read 90 times)

dakota nelson

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on: Jun 30, 2018
An important critique of real business cycle theory is the belief that cyclical movements in total factor productivity
 
  A) rarely occur.
  B) may, in part, be an artifact of measurement error.
  C) lead to imperceptible changes in labor demand.
  D) are too small to account for the size of fluctuations in real GDP.

Question 2

High inflation that persists beyond the ending of expansionary policies is probably ________.
 
  A) demand-pull inflation
  B) Humphrey-Hawkins inflation
  C) cost-push inflation
  D) a result of unemployment remaining below the natural rate
  E) none of the above


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TINA

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

B

Answer to Question 2

C


dakota nelson

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

kusterl

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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