Which of the following is not true about real business cycle macroeconomics: (a) is based on econometric and statistical modeling. (b) describes how productivity shocks affect the business cycle (c) determines that neither fiscal nor monetary policy is very important for macroeconomic performance (d) requires dynamic general equilibrium modeling

Which of the following is not true about real business cycle macroeconomics: (a) is based on econometric and statistical modeling. (b) describes how productivity shocks affect the business cycle (c) determines that neither fiscal nor monetary policy is very important for macroeconomic performance (d) requires dynamic general equilibrium modeling

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter16: Expectations Theory And The Economy

Section: Chapter Questions

Problem 14QP

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