Which of the Following Would Not Be Considered a Real

question 25

Multiple Choice

Which of the following would not be considered a real variable in determining a real business cycle?

• A)A change in technology
• B)A labor strike
• C)An increase in the money supply
• D)A change in tastes
• E)A substantial weather event

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Definitions:

Honoured

In financial terms, referred to a cheque or payment that has been accepted and processed by the bank.

Adjusting Entries

Journal entries made in accounting to update the records for accruals and deferrals that have not been recorded through regular financial transactions.

Calendar-year

A one-year period that starts on January 1 and ends on December 31, used in financial reporting and tax calculations.

Promissory Note

A financial document representing a promise to pay a specified sum of money to the holder at a future date or upon demand.