The Major Criticism of Real Business Cycle Models Is

question 87

Multiple Choice

The major criticism of real business cycle models is

• A)negative technology shocks are uncommon and can't explain all business cycle fluctuations.
• B)positive technology shocks actually push real GDP above the economy's potential GDP.
• C)negative technology shocks actually push real GDP below the economy's potential GDP
• D)this model relies too heavily on monetary explanations for fluctuations in real GDP.

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Definitions:

Disfigured

Disfigured means having one's appearance deeply and detrimentally altered, often through injury, disease, or congenital conditions, affecting physical features.

Social Relationships

Connections or bonds between individuals that are formed through various forms of interactions, shared experiences, and emotional bonds.

Happiness

A state of well-being and contentment characterized by positive emotions and fulfillment.

Physical Attractiveness

The extent to which a person's physical features are considered aesthetically pleasing or beautiful.