[Answer] 14. Which of the following is not seen by economists as an underlying cause of business cycle fluctuations?

Answer: A. Unexpected financial bubbles that eventually burst.B. Shocks to the money supply by the nation’s central bank.C. Supply shocks caused by major innovations.D. All of these are identified as causes of business cycle changesD
14. Which of the following is not seen by economists as an underlying cause of business cycle fluctuations?

Mon Jan 13 2003 13:30:00 GMT-0500 (Eastern Standard Time) · The business cycle also known as the economic cycle or trade cycle are the fluctuations of gross domestic product (GDP) around its long-term growth trend. The length of a business cycle is the period of time containing a single boom and contraction in sequence. These fluctuations …

Real business-cycle theory – Wikipedia

Real business-cycle theory – Wikipedia

Austrian business cycle theory – Wikipedia

Austrian business cycle theory – Wikipedia

Tue Jul 15 2003 14:30:00 GMT-0400 (Eastern Daylight Time) · Deficit spending is the amount by which spending exceeds revenue over a particular period of time also called simply deficit or budget deficit; the opposite of budget surplus.The term may be applied to the budget of a government private company or individual. Government deficit spending is a central point of controversy in economics as discussed below.

Real business-cycle theory (RBC theory) is a class of new classical macroeconomics models in which business – cycle fluctuations to a large extent can be accounted for by real (in contrast to nominal) shocks.Unlike other leading theories of the business cycle [citation needed] RBC theory sees business cycle fluctuations as the efficient response to exogenous changes in the real economic …

The Austrian theory of the business cycle (ABCT) focuses on banks’ issuance of credit as the cause of economic fluctuations . Although later elaborated by Hayek and others the theory was first set forth by Mises who posited that fractional reserve banks extend credit at artificially low interest rates causing businesses to invest in …

Thu Mar 31 2005 13:30:00 GMT-0500 (Eastern Standard Time) · The Heckscher–Ohlin model (H–O mode…

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