Which of the following would not be a cause of a real business cycle? a. a

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Which of the following would not be a cause of a real business cycle?

a. a decrease in government borrowing

b. a drought in the Midwest

c. oil prices skyrocketing as a result of an accident on the world’s largest offshore oil rig

d. a labor strike that cripples the steel industry

e. an improvement in the technology for solar energy that yields a lightweight solar battery that can be used to power cars for long trips

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Fundamentals Of Economics

ISBN: 9780618992676

4th Edition

Authors: William Boyes , Michael Melvin

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