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:

Joseph Smith

The founder of the Latter Day Saint movement, commonly known as Mormonism, and translator of the Book of Mormon.

Brigham Young

Brigham Young was an American religious leader, colonizer, and the second president of The Church of Jesus Christ of Latter-day Saints (LDS Church), leading the Mormon pioneers to the Salt Lake Valley in Utah.

Charles Finney

An influential American Presbyterian minister and leader in the Second Great Awakening in the United States who is often called the "father of modern revivalism."

Emerson and Thoreau

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