The Real Business Cycle (RBC) Theory Argues That the Impact

question 83

Multiple Choice

The real business cycle (RBC) theory argues that the impact of technological change on real GDP is

• A) always positive.
• B) usually positive but occasionally negative.
• C) always negative.
• D) nonexistent.

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Definitions:

Specific Performance

A legal remedy requiring a party to fulfill their obligations under a contract, typically used when monetary compensation is not adequate.

Sale Of Goods

The transaction between a seller and a buyer in which the ownership of tangible personal property is transferred from one to the other, usually in exchange for money.

Restitution

The act of restoring lost or stolen goods to their rightful owner or compensating for loss or damage.

Equal Bargaining Positions

A situation where negotiating parties possess similar power and leverage, promoting fairness in the negotiation outcome.