In the Coordination Failure Model, Business Cycles Can Be Caused

question 47

Multiple Choice

In the coordination failure model, business cycles can be caused by events that are completely unrelated to economic fundamentals such as

• A) climate.
• B) business and consumer confidence.
• C) preferences, endowments and technology.
• D) countercyclical government policy.
• E) politics.

---

Definitions:

Cumulative Evolution

The process in which changes accumulate over time, leading to significant development or transformation in a system, organism, or technology.

Configurable Computing Resources

Computing components like CPU power, memory, and storage that can be adjusted or scaled according to the needs of the user or application.

On-Demand Access

Provisioning immediate access to resources or services whenever and wherever they are required by the user, similar to "on-demand" but emphasizing the accessibility aspect.

Pay-As-You-Go

A payment model where services or goods are paid for as they are used, rather than through a subscription or upfront fee.