Real Business Cycle Theory Was Introduced by

question 12

Multiple Choice

Real business cycle theory was introduced by

• A)Thomas Cooley and Gary Hansen.
• B)Finn Kydland and Edward Prescott.
• C)Robert Lucas.
• D)Milton Friedman and Anna Schwartz.
• E)Milton Friedman and Robert Lucas.

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Definitions:

Fiber Optic Wire

A type of cable made of thin strands of glass or plastic that transmits data at high speeds using light signals.

Time and Place Utility

The value added to products through making them available at the right time and location to meet consumer needs.

Pipeline

In supply chain, refers to the flow of goods and materials from the supplier to the customer, as well as the processes that move products through the stages of production to delivery.

High-value Products

Goods or services that provide significant value to the customer, often due to their quality, uniqueness, or customization.