Which Business Cycle Theory Emphasizes That,because of Previously Negotiated Wage

question 64

Multiple Choice

Which business cycle theory emphasizes that,because of previously negotiated wage agreements,both expected and unexpected fluctuations in aggregate demand can change real GDP?

• A)the new classical cycle theory
• B)the new Keynesian cycle theory
• C)Monetarist cycle theory
• D)Keynesian cycle theory
• E)Real business cycle theory

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