The Keynesian explanation of the business cycle rests on several concepts, including
A. rigid money wage rates.
B. unstable monetary policy by the Fed.
C. shocks to the rate of technological change.
D. the desire of politicians to be re-elected.
Answer:A
The Keynesian explanation of the business cycle rests on several concepts, including
A. rigid money wage rates. B. unstable monetary policy by the Fed. C. shocks to the rate of technological change. D. the desire of politicians to be re-elected.