The "Real" Factors in the Real-Business-Cycle Theory Include Resource Availability

question 43

True/False

The "real" factors in the real-business-cycle theory include resource availability and technology.

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Definitions:

Performance

Conducting or fulfilling an action, task, or function.

Variable Interval

A schedule of reinforcement where a response is rewarded after an unpredictable amount of time has passed.

Reinforcement

Reinforcement is a principle in behaviorism that increases the likelihood of a behavior being repeated, which can be either positive (by adding a pleasant stimulus) or negative (by removing an unpleasant stimulus).

Amount of Time

The duration or span during which an event occurs or an action takes place.