Critics of the Real Business Cycle Theory Find It Difficult

question 49

Multiple Choice

Critics of the real business cycle theory find it difficult to understand:

• A) why the unemployment rate is always high.
• B) what makes potential output change over time.
• C) why technological changes affect labor productivity.
• D) how adverse changes in technology are so frequent.

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Definitions:

Franklin v. Gwinnett County

A Supreme Court case in 1992 that allowed for damages to be awarded in cases of sex discrimination in schools under Title IX.

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The primary objectives or aims that an individual, organization, or project seeks to achieve, serving as the focal points for strategic planning and action.