Real Business Cycle Proponents Would Agree with All of the Following

question 35

Multiple Choice

Real business cycle proponents would agree with all of the following except

• A)the government's efforts to stabilize the economy can be counterproductive.
• B)unanticipated changes in the money supply are destabilizing to the economy.
• C)business cycles are a natural response to technology shocks.
• D)markets are perfectly competitive.

Understand the differences between various types of optimization models including mixed-integer, nonlinear, and linear models.

Apply decision variables in optimization modeling correctly.

Evaluate the impact of changes in demand or resources on optimization outcomes.

Formulate transportation models for minimizing costs while meeting capacity and demand constraints.

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Definitions:

Applied Behavioral Analysis

An intensive behavior therapy used to treat autism; this treatment is based on operant conditioning.

Autism

A developmental disorder characterized by difficulties with social interaction and communication, and by restricted and repetitive behavior.

Social Relationships

Connections between individuals in a society, based on various factors such as friendship, love, kinship, shared interests, business interactions, or other social commitments.

IQ

A measure of a person's intellectual capabilities compared to the average intelligence level of their age group.