Chapter 10 Quiz1.Which of the following historical facts of monetary policy indicates that reverse causation alone cannot explain the entire relationship between money and output?
2.The real business cycle theory can successfully explain all of the followingmajor facts of business cycles EXCEPT: identifying the productivity shocks
3.The misperceptions theory concludes that: in the short run, anticipated
4.Consider a permanent increase in government purchases of 100 per year (in real terms). The increase I purchases is financed by a permanent increase in lump-sum taxes of 100 per year.