Which of the following models view changes in real supply-side factors as determinants of short-run fluctuations in output and employment?

Related MCQs

• In real business cycle models and new classical models
• Many economists who accept the real business cycle explanations of economic fluctuations
• 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-------------
• Real business cycle and new Keynesian models disagree upon
• The aggregate production function for real business cycle models is shown as
• In real business cycle models, business cycles are caused by ------------------,while in new Keynesian model business cycles are caused by-------------------
• In the real business cycle theory during a period when output is falling
• Employment of people who take jobs below their capacity is known as
• In the new Keynesian models,
• With respect to efficiency wage models the efficiency of workers depends