According to the Real Business Cycle Model

question 8

Multiple Choice

According to the real business cycle model,

• A)prices are flexible in the long run, but not in the short run.
• B)prices are flexible in the short run, but not in the long run.
• C)prices are flexible in both the short run and the long run.
• D)prices are inflexible in both the short run and the long run.

---

Definitions:

Innovative

Characterized by the introduction of new ideas, products, or methods; showing creativity and originality.

Individual Motivations

The internal drives and reasons that propel a person to act or behave in a particular way.

Motivating Employees

The process of encouraging employees to perform their best by fulfilling their needs, enhancing their job satisfaction, and achieving organizational goals.

Learned Competencies

Skills and knowledge acquired through education, training, and experience that enhance an individual's ability to perform tasks effectively.