According to Real Business Cycle Theorists, in Modern Times, Economic

question 120

Multiple Choice

According to real business cycle theorists, in modern times, economic fluctuations can largely be attributed to

• A) immigration policies that increased the supply of labor.
• B) advancements in technology.
• C) the entry of more college graduates in the labor market.
• D) large scale unemployment.

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Definitions:

Preconscious

A term in psychoanalytic theory referring to thoughts and feelings not immediately in conscious awareness but can be easily brought to consciousness.

Conscious

Conscious refers to the state of being aware of one's own existence, thoughts, emotions, and surroundings.

Superego

In psychoanalytic theory, the part of the personality that acts as the moral center, imposing ethical standards and social rules.

Reality Principle

A psychoanalytic concept that represents the ability of the mind to assess the external world and act upon it accordingly, as opposed to acting on the pleasure principle.