All of the following are parts of the business cycle except ?
A. boom
B. slump
C. recovery
D. acceleration
Real business cycle theories suggest that _____ to correct departures from the desired growth path?
A. There is a role for fiscal policy
B. There is a role for monetary policy
C. There is a role for supply-side policy
D. There is a role for stabilizing output ever the business cycle
The impossibility of negative gross investment provides a ______ to fluctuation in ______?
A. ceiling, stock building
B. ceiling, capital prices
C. floor, output
D. floor, the capital-output ratio
The multiplier accelerator model assumes ____ depends on ______?
A. consumption expected future profits
B. investment, interest rates
C. investment expected future profits
D. stock building interest rates
The business cycle describes fluctuations in output around the?
A. trend path of output
B. boom
C. recession
D. short-run fluctuations in output
A. saving, investment
B. capital per person, productivity
C. labor growth, output
D. investment capital per person