Which of the Following Statements Is (Are)correct? Critics of the Real

question 22

Multiple Choice

Which of the following statements is (are) correct? Critics of the real business cycle model

• A)question whether technology has ever been the cause of a recession.
• B)do not deny that some technology shocks affect many industries.However,they do not believe that there are enough of these shocks to explain recessions where output falls too as much as 10 percent below potential output.
• C)argue that aggregate supply changes drive most business cycles.
• D)All of the above
• E)None of the above

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Definitions:

Archaea

A domain of single-celled microorganisms that are similar to bacteria but have unique genetic, biochemical, and physiological characteristics.

Bacteria

Microorganisms that are often single-celled, which can be found in various environments, and can have beneficial or harmful effects on other organisms.

Protobionts

Hypothetical precursors to living cells, consisting of self-organized spheres of organic molecules, instrumental in the origin of life.

Heterotrophs

Organisms that obtain their energy by consuming other organisms, unable to produce food internally.