header bg

Scan QR code or get instant email to install app

Question:

A business cycle theory developed by applying utility theory and budget constraints to macroeconomic models is most closely associated with which school of economic thought?

A New Classical.
explanation

Real business cycle theory, which derives from applying utility theory and budget constraints to macroeconomic models, is associated with the New Classical school.

Comments

Leave a Reply

Your email address will not be published.

*