In real business cycle models, business cycles are caused by ------------------,while in new Keynesian model business cycles are caused by-------------------

Related MCQs

• Real business cycle and new Keynesian models disagree upon
• In real business cycle models and new classical models
• In the real business cycle model, business cycles are
• According to the real business cycle theory business cycles
• In the new Keynesian models,
• A usual assumption in real business cycle models is that the economy is populated by a group of identical individuals and the behavior of the group can then be explained in terms of the behavior of one individual, called a-------------
• The aggregate production function for real business cycle models is shown as
• The real business cycle theory and the new classical theory agree that
• New Keynesian would agree with all of the following except
• New Keynesian theories of efficiency wages imply