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treetreee treetreee
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6 years ago

Question 1.

Real business cycle theory assumes complete price and wage flexibility.



▸ true

▸ false

Question 2.

The Lucas supply function, real business cycle theory, and the new Keynesian model all assume rational expectations.



▸ true

▸ false
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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Steve T.Steve T.
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6 years ago
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treetreee Author
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#2
6 years ago
Smart ... Thanks!
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