Which of the Following Models Focuses on How Productivity Shocks

question 113

Multiple Choice

Which of the following models focuses on how productivity shocks explain fluctuations in real GDP?

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

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Definitions:

Desert Pavement

A natural surface covering of closely packed rock fragments found in desert regions, formed by the removal of finer particles by wind and water.

Sand Dune

A hill or ridge of sand piled up by the wind in desert regions or near lakes and oceans.

Orbital Variations

Changes in the shape, tilt, and orientation of the Earth's orbit around the sun, affecting climate patterns over long periods.

Solar Radiation

The electromagnetic energy emitted by the sun, including visible light, ultraviolet light, and infrared radiation, which provides the energy necessary for life on Earth.