According to Mainstream Macroeconomists, U

question 156

Multiple Choice

According to mainstream macroeconomists, U.S. macro instability has resulted from

• A) investment "booms" and "busts" and, occasionally, adverse aggregate supply shocks.
• B) adherence by the Fed to a monetary rule.
• C) government's attempts to balance its budget.
• D) wide fluctuations in net exports.

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Definitions:

Multiply

A mathematical operation that combines two quantities to produce a product.

Standard Form

A way of writing numbers, especially large numbers, by expressing them as a power of ten, or, in algebra, a way of writing equations.

Multiply

The operation of adding a number to itself a certain number of times, equivalent to repeated addition.

Standard Form

A way to write numbers using the digits 0-9, with each digit having a place value. In algebra, it refers to a way of arranging equations to a specific form.