【单选题】One model of the business cycle claims that volatile business confidence is the primary factor in starting a business cycle. This model is the
A.
real business cycle model.
B.
Keynesian cycle theory.
C.
aggregate supply model.
【单选题】Which of the following is a criticism of real business cycle theory?
A.
Real business cycle theory fails to explain the phenomenon of economic growth.
B.
Real business cycle theory assumes that money wage rates are sticky.
C.
Real business cycle theory believes that productivity changes are caused by technology changes when in fact they are caused by changes in aggregate demand.
D.
None of the above are criticisms of real business cycle theory.
【单选题】Which of the following is NOT a major business cycle?
D.
The cash receipts cycle
【简答题】政治性经济周期(political business cycle)
【单选题】A criticism of the real business cycle (RBC) theory is that
A.
the money wage rate is flexible.
B.
potential GDP does not vary with changes in the quantity of money.
C.
productivity fluctuations might be caused by the business cycle.
D.
All of the above answers are correct.
【简答题】实际经济周期理论(real business cycle theory)