RAQ6 - 1. Which of the following is not a primary cause of...

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Sheet1 Page 1 1.Which of the following is not a primary cause of business cycle fluctuations, according to real business cycle theory? (a)A change in the production function (b)A change in the size of the labor force (c)A change in the money supply (d)A change in the real quantity of government purchases 4.Which of the following is an example of a productivity shock? (a)The introduction of new management techniques (b)A change in taxes on corporate profits (c)A change in the level of government transfer programs (d)An increase in the money supply Answer:A 21.A temporary increase in government purchases in the classical model would (a)shift the production function to the right. (b)shift the marginal product of labor curve to the left. (c)shift the labor demand curve to the right. (d)shift the labor supply curve to the right. Answer:D 37.If producers have imperfect information about the general price level and sometimes misinterpret changes in the general p r (a)the short-run aggregate supply curve is vertical. (b)the short-run aggregate supply curve slopes upward.
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This note was uploaded on 09/15/2009 for the course ECON 304 taught by Professor Stone,mistyriano,alejandro during the Fall '07 term at Penn State.

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RAQ6 - 1. Which of the following is not a primary cause of...

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