Question: Two business cycle facts that are less easily explained by the basic real business cycle model are that Question content area bottom Part 1 A
Two business cycle facts that are less easily explained by the basic real business cycle model are that
Question content area bottom
Part
A
the nominal money supply is procyclical and tends to lag with real GDP
B
the nominal money supply and the price level are both acyclical.
C
the nominal money supply is countercyclical and tends to lead real GDP
D
the nominal money supply is procyclical and tends to lead real GDP
E
the nominal money supply is countercyclical and tends to lag real GDP
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