The Real-Business-Cycle Theorists See Aggregate Supply as the "Active" Factor

question 209

True/False

The real-business-cycle theorists see aggregate supply as the "active" factor in causing business cycles and aggregate demand as a "passive" factor.

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Definitions:

Political Action

Involves activities aimed at influencing government policy or decisions, often carried out by individuals, lobbying groups, or political organizations.

Remedial Training

A specialized training program designed to improve skills or knowledge in specific areas where deficiencies have been identified.

Managerial Positions

Roles within an organization responsible for planning, leading, organizing, and controlling to achieve business objectives.

Politically Proactive

The attitude or approach of actively engaging with or influencing political processes and decisions.