What is the central idea of the real business cycle theory? A. Fluctuations in economic activity are caused by changes in government policy B. Fluctuations in economic activity are caused by changes in technology and productivity C. Fluctuations in economic activity are caused by changes in consumer spending D. Fluctuations in economic activity are caused by changes in onotarunolicy

What is the central idea of the real business cycle theory? A. Fluctuations in economic activity are caused by changes in government policy B. Fluctuations in economic activity are caused by changes in technology and productivity C. Fluctuations in economic activity are caused by changes in consumer spending D. Fluctuations in economic activity are caused by changes in onotarunolicy

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter7: Unemployment And Inflation

Section: Chapter Questions

Problem 11E

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Consider the following statements about the business cycle. Which of the following statements is incorrect ? A. A rise in economic activity from the cycle trough to the peak indicates that the economy is in an expansion. B. A fall in economic activity from the cycle peak to the trough indicate that the economy is in a recession. C. The business cycle is a regular fluctuation of real GDP around potential GDP that is predictable. D. The business cycle is a periodic cycle in real GDP and employment.
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For the following video please answer these questions. Business Cycle. http://www.youtube.com/watch?v=TXrOpjG4dUs 1. Refer to your text book and draw and label the Business Cycle. Be able to identify andexplain the four stages of the cycle. 2. State the characteristics of recession and expansion.3. What stage of the business cycle are we in at this time? What facts or data do youknow that support this.4. How does the business cycle influence an individual country’s economy and the actionstaken by its government?
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