Two economists are debating the cause of a high unemployment rate. One economist argues that there is not enough government spending. The other says high unemployment is a structural problem-people who can't move to take new jobs because they are tied down to burdensome mortgages or firms that can't find workers with the skills they need to fill job openings. a. Which business cycle theory would say that the first economist is correct and why?
b. Which business cycle theory would say that the second economist is correct and why?

a. ​Mainstream; demand

b. .​Real- structural, caused by technological shocks that decrease aggregate supply

Explanation:

a. In simple words, Mainstream economics finds market cycles to be "the natural summation of random factors." Business cycles are thus purely random stresses which spread throughout term. Mainstream economists have built market cycle frameworks, focused on the assumption that natural disruptions are triggering them.

b. RBC view recognizes variations in the market cycle as the productive solution to exogenous growth in the general economy. iThat is, the amount of national production inevitably maximizes anticipated utility and hence policymakers will concentrate on long-term systemic policy adjustments and not interfere by unilateral monetary and fiscal policy policies intended to effectively filter out short-term economical volatility.

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mark as

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!