The Theory That Regards Random Fluctuations in Productivity as the Main

question 84

Multiple Choice

The theory that regards random fluctuations in productivity as the main source of economic fluctuations is the ________ of the business cycle.

• A) real business cycle theory
• B) productivity theory
• C) dynamic general equilibrium theory
• D) Keynesian cycle theory

---

Definitions:

Arbitration

The settling of a dispute between labour and management by a third party.

Disciplinary Action

Measures taken by an organization against an employee who has violated company policies or failed to meet expected standards of conduct.

Conciliation and Mediation Services

Services focused on resolving disputes between parties through mutual agreement, without resorting to legal action.

Union Members

Individuals who belong to a labor union, an organized association of workers formed to protect and further their rights and interests.