Models that focus on factors such as technology shocks rather than \u02ba monetary \u02ba

Models that focus on factors such as technology

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155) Models that focus on factors such as technology shocks rather thanʺmonetaryʺexplanations offluctuations in real GDP are called A) rational expectations models.B) nonmonetary business cycle models.C) real business cycle models.D) short-run macroeconomic models.155)Answer: CPage Ref: 998/616Learning Outcome: Macro-17: Discuss the fundamentals of key macroeconomic theories. 156) Which of the following would be the source of aʺrealʺbusiness cycle? Page Ref: 998/616Learning Outcome: Macro-17: Discuss the fundamentals of key macroeconomic theories. 157) According to real business cycle models, Page Ref: 998/616Learning Outcome: Macro-17: Discuss the fundamentals of key macroeconomic theories. 158) The major criticism of real business cycle models is 158)Page Ref: 998/616Learning Outcome: Macro-17: Discuss the fundamentals of key macroeconomic theories. 159) If workers and firms have rational expectations, they understand that ________ monetary policywill raise the inflation rate, so actual inflation ________ expected inflation. A) contractionary; will be less thanB) expansionary; will be less thanC) expansionary; will be equal toD) contractionary; will be equal toE) expansionary; will be greater than159)Answer: CPage Ref: 996-997/614-615 Learning Outcome: Macro - 17: Discuss the fundamentals of key macroeconomic theories. 37
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