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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 a criticism of real business cycle theory?
A) Real business cycle theory believes that productivity changes are caused by technology changes when in fact they are caused by changes in aggregate demand.
B) Real business cycle theory fails to explain the phenomenon of economic growth.
C) Real business cycle theory assumes that money wage rates are sticky.
D) None of the above are criticisms of real business cycle theory.
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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7 years ago
Checks out after I submitted my assignment Smiling Face with Open Mouth
Studying economics @ Edinburgh U
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