The business cycle impulse in the new classical theory of the business cycle is
A. unexpected changes in aggregate demand.
B. expected changes in aggregate demand.
C. fluctuations in money growth with rigid wages.
D. fluctuations in investment coupled with rigid wages.
Answer:A
The business cycle impulse in the new classical theory of the business cycle is
A. unexpected changes in aggregate demand. B. expected changes in aggregate demand. C. fluctuations in money growth with rigid wages. D. fluctuations in investment coupled with rigid wages.