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:

Exposure-Disease Relationship

The connection between the presence or level of exposure to a certain factor and the incidence or severity of a disease.

Measure of Association

Quantitative indicators that describe the strength and direction of the relationship between two variables.

Cardiovascular Disease

A class of diseases that involve the heart or blood vessels, often associated with atherosclerosis and other conditions.

Hispanic Ethnicity

A demographic category referring to people with cultural ties to Spain or Spanish-speaking countries, especially those in Latin America.