A Theory of Aggregate Economic Fluctuations Called Real Business Cycle

question 2

Multiple Choice

A theory of aggregate economic fluctuations called real business cycle theory holds that

• A)changes in the real money supply are the only demand shocks that affect the natural rate of output.
• B)aggregate demand shocks do affect the natural rate of output.
• C)aggregate supply shocks do affect the natural rate of output.
• D)changes in net exports are the only demand shocks that affect the natural rate of output.

---

Definitions:

Performance Objectives

Statements on a résumé that identify a person’s specific knowledge, skills, or behaviors.

Practicum

A practical section of a course of study, where students gain experience by working in a related field.

Conferences

Gatherings or meetings, often organized on a large scale, where individuals discuss specific topics, share research, and exchange knowledge.

Current Information

The most recent and up-to-date data or facts available on a specific subject or topic.