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Home Q & A Board Other Fields Homework Help Business Economics
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vellojo vellojo
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8 years ago
Both the new classical and new Keynesian business cycle theories agree that
A) the money wage rate is influenced by rational expectations of the price level.
B) the long-term nature of wage contracts allow expected changes in the price level to cause business cycles.
C) expected changes in aggregate demand lead to the business cycle.
D) unexpected changes in aggregate demand cannot result in a business cycle.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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Studying economics @ Edinburgh U
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ukraniaukrania
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8 years ago
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vellojo Author
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#2
7 years ago
Checks out after I submitted my assignment Smiling Face with Open Mouth
Studying economics @ Edinburgh U
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#3
7 years ago
Slight Smile
Dream it. Person Raising Both Hands in Celebration
Wish it. Person Raising Both Hands in Celebration
Do it. Person Raising Both Hands in Celebration
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