172. Multiple Choice: If real business cycle theory uses an... QuestionIf real business cycle theory uses an upward-sloping aggregate:Answer
173. Multiple Choice: Real business cycle theory contends t... QuestionReal business cycle theory contends that the:
174. Multiple Choice: The economic view that reducing tax r... QuestionThe economic view that reducing tax rates will increase the incentives to work andinvest and will ensure a high growth rate of the potential output is known as:Answersupply-side economics.demand-side economics.new classical economics.new Keynesian economics.Answercause dangerous budget deficits.unfairly sacrifice equity in favor of efficiency.increase incentives to work and save and cause increases in potential output.
175. Multiple Choice: According to supply-side economics, t... QuestionAccording to supply-side economics, tax cuts: