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According to the Real Business Cycle Theory, a Technology Shock

question 282

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According to the real business cycle theory, a technology shock that decreases the demand for loanable funds will ________ employment and will ________ real GDP.


Definitions:

Parallelism

The use of components in a sentence that are grammatically the same; or similar in their construction, sound, meaning, or meter.

Concise Language

Using few words to express an idea efficiently without unnecessary elaboration or redundancy.

Enzymes

Proteins that act as biological catalysts, speeding up reactions in living organisms without being consumed in the process.

Small Intestine

A long, coiled section of the digestive system where most of the digestion and absorption of nutrients takes place.

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