MCQOPTIONS
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| 1. |
The real business cycle theory and the new classical theory agree that |
| A. | Business cycles are driven by changes in Aggregate demand |
| B. | Expectations are formed rationally |
| C. | Imperfect information plays a big role in business cycles |
| D. | None of the above |
| Answer» C. Imperfect information plays a big role in business cycles | |