Real-Business-Cycle Theory Views Changes in Resource Availability and Technology as Shifting

question 238

True/False

Real-business-cycle theory views changes in resource availability and technology as shifting
aggregate demand and thus causing macroeconomic instability.

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Definitions:

Days In Inventory

A financial metric that indicates the average number of days a company takes to turn its inventory into sales.

Credit Sales

Sales made by a business where the payment is delayed as per an agreement between the buyer and the seller.

Current Ratio

A ratio indicating the capability of a company to cover its obligations that are due in less than one year, calculated through the division of its current assets by its current liabilities.