The Model Which Focuses on How Productivity Shocks Explain Fluctuations

question 132

Multiple Choice

The model which focuses on how productivity shocks explain fluctuations in real GDP is the:

• A)monetarist model.
• B)real business cycle model.
• C)new classical model.
• D)new Keynesian model.

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Definitions:

Southern Theory

An approach in social science that highlights the perspectives, theories, and research emerging from the global South, challenging the dominance of Western academic frameworks.

Indigenous Resurgence

The movements by indigenous peoples to reclaim and revitalize their cultural heritage, rights, and land sovereignty.

Southern Theory

Refers to social science perspectives emerging from the global South, offering insights and critiques not apparent from dominant Northern (Western) viewpoints.

American Southeast

A geographic region in the United States comprising states predominantly located in the southeastern part of the country.