Many economists who accept the real business cycle explanations of economic fluctuations

Question

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Believe that the restrictive Federal reserve Monetary policy was the central cause of the deep recession in the United States in the mid-1970s

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Believe that the Sharpe rise in the relative price of imported oil was the central cause of the deep recession in the United States in the mid-1970s

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Believe that the Sharpe rise in the relative price of imported oil was not the main cause of the deep recession in the United States in the mid-1970s

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Both a and c

1.	Many economists who accept the real business cycle explanations of economic fluctuations
A.	Believe that the Sharpe rise in the relative price of imported oil was the central cause of the deep recession in the United States in the mid-1970s
B.	Believe that the restrictive Federal reserve Monetary policy was the central cause of the deep recession in the United States in the mid-1970s
C.	Believe that the Sharpe rise in the relative price of imported oil was not the main cause of the deep recession in the United States in the mid-1970s
D.	Both a and c
Answer» B. Believe that the restrictive Federal reserve Monetary policy was the central cause of the deep recession in the United States in the mid-1970s

Discussion