Keynes believed that the instability in income was caused by variability in
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1 mark, −0.33MacroeconomicsBusiness cycles and rational expectationsBusiness cycle theoriesEasyabout 1 min
UoH 2014 Question 90: Business cycles and rational expectations
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Business cycles and rational expectations has come up 21 times in 5 exams since 2010.
What this question tests
This question is on Business cycle theories, part of Business cycles and rational expectations in Macroeconomics.
Explanations of booms and recessions, from multiplier-accelerator dynamics to real business cycles.
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