According to Real Business Cycle Theorists, an Increase in Total

question 82

Multiple Choice

According to real business cycle theorists, an increase in total factor productivity could lead to an increase in the nominal money supply due to

• A)the cyclical behaviour of tax collections and attempts by the Bank of Canada to stabilize real output.
• B)Bank of Canada attempts to stabilize the price level and banking sector expansion of deposit money.
• C)Bank of Canada attempts to stabilize real output and the price level.
• D)Bank of Canada attempts to stabilize business cycle fluctuations.
• E)banking sector expansion of deposit money and the cyclical behaviour of tax collections.

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Definitions:

Personal Factors

Individual characteristics that influence behavior and performance, such as attitudes, skills, knowledge, and personality traits.

Optimism

A mental attitude characterized by hope and confidence in success and a positive future.

Hardiness

A personality trait characterized by a sense of control over events, commitment to life and work, and the courage to face stressful situations.

African Americans

A racial or ethnic group in the United States with ancestors from Africa, particularly those of Sub-Saharan African descent.