Most economists agree that the immediate cause of most business cycle variation is Multiple Choice the...
Most economists agree that the immediate cause of most business cycle variation is
Multiple Choice
-
the invention of new products.
-
an unexpected change in the level of total spending.
-
the growth and subsequent bursting of financial bubbles.
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an unexpected change in the productivity of workers.
Homework Answers
Ans) the correct option is B. an unexpected change in the level of total spending.
Most economists agree that the immediate determinant of the volume of output and employment is the level of total spending.
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Most economists agree that the immediate cause of most
business cycle variation is
Multiple Choice
the...
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