Functions That Show How Variables Adjust to Shocks Over Time

question 7

Multiple Choice

Functions that show how variables adjust to shocks over time are known as

• A)adjustment functions
• B)system dynamic functions
• C)impulse response functions
• D)expansion paths

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Definitions:

Experimental Method

A research method involving the manipulation of variables to determine cause-and-effect relationships in controlled conditions.

Cause-And-Effect

The principle that every event (effect) is produced by a cause, showcasing the relationship between actions and their outcomes.

Correlational Method

A research methodology that examines the relationship between two or more variables to determine if a correlation exists.

Experimental Group

The group in an experiment that receives the variable being tested, which is contrasted with a control group that does not receive the experimental treatment.