【曼昆 宏观经济学 经典】Mankiw 5e Chapter 19.pdfVIP

Mankiw 5e Chapter 19 The theory of real business cycles postulates that A. the classical dichotomy does not apply to the short run. B. business cycles are not an exclusively short-run phenomenon. C. fluctuations in nominal variables are caused by long-run real changes in the economy. D. prices are fully flexible, even in the short run. 0 out of 1 Incorrect. The correct answer is D. See the introduction to Chapter 19 for a discussion of the assumptions underlying real business cycle theories. One day a crate of food washes up on Robinson Crusoes island. While the foo