In the Real Business Cycle Model,business Cycles Are

question 26

Multiple Choice

In the real business cycle model,business cycles are

• A)efficient and do not represent lost output.
• B)driven by technology shocks.
• C)occur when markets clear.
• D)all of the above.
• E)None of the above

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Definitions:

Truth Table

A mathematical table used in logic to determine the truth or falsity of a compound proposition based on the truth values of its components.

Atomic Sentences

The simplest type of sentences in logic, containing no logical connectives, and expressing a single idea.

Truth Table

A table used in logic to compute and illustrate the possible truth values of logical expressions based on their components.

Atomic Sentences

Simple statements that contain no logical operators and cannot be broken down into simpler statements.