Which of the Following Can Cause a Real Business Cycle

question 69

Multiple Choice

Which of the following can cause a real business cycle effect?

• A) A new technology reducing the costs of economic transactions.
• B) A rise in productivity brought about by more workers engaging in university education.
• C) An outflow of migrant workers.
• D) An increase in production caused by increasing employment.

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Definitions:

Discrete Random Variable

A random variable that can take on a countable number of distinct values, often representing quantities that can be enumerated.

Continuous Random Variable

A variable that can take on an infinite number of values within a given range, representing outcomes of a random process.

Poisson Random Variable

A variable that represents the number of events occurring in a fixed interval of time or space, assuming these events occur with a known constant mean rate and independently of the time since the last event.

Poisson Distribution

A discrete probability distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space.