According to Real Business Cycle Theory, an Increase in Productivity

question 14

Multiple Choice

According to real business cycle theory, an increase in productivity ________ the demand for loanable funds, ________ the demand for labour, and ________ the supply of labour. The real interest rate will ________.

• A)increases; increases; does not change; fall
• B)increases; increases; does not change; rise
• C)decreases; decreases; decreases; fall
• D)increases; increases; increases; rise
• E)increases; increases; increases; fall

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Definitions:

Information Retrieval

The process of obtaining relevant information from a collection of resources in response to a specific query or need.

Performance Appraisal

A formal assessment process in which an employee's job performance, strengths, and areas for improvement are evaluated, typically by supervisors.

Halo Effect

Uses one attribute to develop an overall impression of a person or situation.

Self Schema

A cognitive framework comprising beliefs and ideas about oneself that guides processing of self-relevant information.