Which of the Following Is the Factor That Creates Business

question 306

Multiple Choice

Which of the following is the factor that creates business cycles in the real business cycle theory?

• A) an unexpected change in aggregate demand
• B) a change by the Fed in the growth rate of the quantity of money
• C) a change in expectations about future sales and profits
• D) a change in the growth rate of productivity

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Definitions:

McLuhan

Marshall McLuhan was a Canadian philosopher and professor known for his work on media theory and his prediction of the World Wide Web nearly thirty years before it was invented.

Medium Matters

The concept that the medium through which information is conveyed affects the interpretation and understanding of that information.

Baudrillard

A French sociologist and philosopher known for his theories on media, simulation, and hyperreality.

Simulation

Baudrillard’s assertion that media create a “simulated” world through the reinforcement of certain images and signs.