

McqMate
Q. |
Many economists who accept the real business cycle explanations of economic fluctuations |
A. | Believe that the Sharpe rise in the relative price of imported oil was the central cause of the deep recession in the United States in the mid-1970s |
B. | Believe that the restrictive Federal reserve Monetary policy was the central cause of the deep recession in the United States in the mid-1970s |
C. | Believe that the Sharpe rise in the relative price of imported oil was not the main cause of the deep recession in the United States in the mid-1970s |
D. | Both a and c |
Answer» A. Believe that the Sharpe rise in the relative price of imported oil was the central cause of the deep recession in the United States in the mid-1970s |
View all MCQs in
Managerial EconomicsNo comments yet