Which of the Following Is NOT One of the Criticisms

question 116

Multiple Choice

Which of the following is NOT one of the criticisms of real business cycle theory?

• A)Productivity fluctuations are the result of the business cycle, not the cause of business cycles.
• B)The money wage rate is sticky in the short run.
• C)Intertemporal substitution is too weak.
• D)The theory is built on weak microeconomic foundations.

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Definitions:

Secondary Pollutants

Pollutants not emitted directly into the air, but formed when primary pollutants react or interact in the atmosphere.

High Temperatures

denotes periods or conditions of elevated temperature in the environment, which may have various effects on ecosystems, human health, and climate.

Tall Buildings

Structures that are significantly higher than average buildings, often designed for residential, commercial, or office use.

Mountains

Large natural elevations of the Earth's surface rising abruptly from the surrounding level, often characterized by their high altitude and scenic landscapes.