Which of te following does not contribute to the real business cycle explanation of business cycle? Aggregate supply fluctutates because of fluctuations in the demand labour Output fluctuates becaus of fluctuations in aggregate supply? Wage flexibility keeps output close to its potential level Labour deman might fall if technology increases faster than expected

Which of te following does not contribute to the real business cycle explanation of business cycle? Aggregate supply fluctutates because of fluctuations in the demand labour Output fluctuates becaus of fluctuations in aggregate supply? Wage flexibility keeps output close to its potential level Labour deman might fall if technology increases faster than expected

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter14: Macroeconomic Policy: Tradeoffs, Expectations, Credibility, And Sources Of Business Cycles

Section: Chapter Questions

Problem 9E

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