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11 Dec 2019
1. Which of the following is (or at least was) an assumption of monetarist theory?
A prices or wages are sticky (inflexible);
B moneyâs velocity is stable and predictable
C technology (supply-side) shocks are the primary cause of business cycles
D business cycles are caused by a mismatch in timing between savings, investment, and consumption
2. Which of the following is a component of Austrian Business Cycle theory?
A prices or wages are sticky (inflexible);
B moneyâs velocity is stable and predictable
C technology (supply-side) shocks are the primary cause of business cycles
D business cycles are caused by a mismatch in timing between savings, investment, and consumption
1. Which of the following is (or at least was) an assumption of monetarist theory?
A | prices or wages are sticky (inflexible); |
B | moneyâs velocity is stable and predictable |
C | technology (supply-side) shocks are the primary cause of business cycles |
D | business cycles are caused by a mismatch in timing between savings, investment, and consumption |
2. Which of the following is a component of Austrian Business Cycle theory?
A | prices or wages are sticky (inflexible); |
B | moneyâs velocity is stable and predictable |
C | technology (supply-side) shocks are the primary cause of business cycles |
D | business cycles are caused by a mismatch in timing between savings, investment, and consumption |
11
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