Which of the following is the most likely cause of a recession according to the real business cycle model?
a. an unanticipated change in the money supply.
b. an increase in taxation, government spending, and regulation.
c. a fall in expected profits.
d. an anticipated change in the money supply.
e. none of the above.
ANSWER
B
Place an order in 3 easy steps. Takes less than 5 mins.