Multiple Choice
The questions with which Chapter 17 is concerned include each of the following except
A) how might the macroeconomics taught two decades from now differ from the macroeconomics taught today?
B) what have been the principal changes in the way macroeconomics is taught over the past quarter century?
C) what additional changes took place in the hundred years before that - from roughly 1880 to roughly 1980?
D) what direction will macroeconomics take if the real business cycle research program is successful?
Correct Answer:

Verified
Correct Answer:
Verified
Q16: An example of an aggregate demand externality
Q17: In the standard view, fiscal deficits<br>A) stimulate
Q18: According to real business cycle theorists, each
Q19: Each of the following was emphasized in
Q20: According to real business cycle theorists, each
Q22: According to real business cycle theorists, each
Q23: Each of the following was part of
Q24: The part of modern macroeconomics that is
Q25: In the standard view, fiscal debts and
Q26: According to Ricardian Equivalence<br>A) the effect of