Models That Focus on Factors Other Than Changes in the Money

question 118

Multiple Choice

Models that focus on factors other than changes in the money supply to explain fluctuations in real GDP are called

• A)nonmonetary business cycle models.
• B)real business cycle models.
• C)rational expectations models.
• D)short-run macroeconomic models.

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Definitions:

Linear Regression

A statistical method used to model the relationship between a dependent variable and one or more independent variables, assuming a linear relationship.

Independent Variable

The treatment variable that is manipulated or the predictor variable in a regression equation.

Repeated-Measures ANOVA

A type of analysis of variance that involves multiple measurements of the same individuals under different conditions.

Statistical Technique

A method used in the analysis of numerical data and the interpretation of statistical results.