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Home Q & A Board Other Fields Homework Help Business Economics
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vellojo vellojo
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7 years ago
Which of the following is NOT one of the criticisms of real business cycle theory?
A) Productivity fluctuations are the result of the business cycle, not the cause of business cycles.
B) Inter-temporal substitution is too weak.
C) The money wage rate is sticky in the short run.
D) The theory is built on weak microeconomic foundations.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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Studying economics @ Edinburgh U
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yaderayadera
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7 years ago
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vellojo Author
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#2
7 years ago
Everyone I encourage you to thumbs up the answer!

got it right
Studying economics @ Edinburgh U
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