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This Theory Views Shocks to Tastes (Workers' Willingness to Work,for

question 74

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This theory views shocks to tastes (workers' willingness to work,for example) and technology (productivity) as the major driving forces behind short-run fluctuations in the business cycle because these shocks lead to substantial short-run fluctuations in the natural rate of output.


Definitions:

Transcription

The process by which the information in a strand of DNA is copied into a new molecule of messenger RNA (mRNA).

Allosteric Site

A region on an enzyme that binds to molecules in the cell, resulting in a change in the enzyme's activity; not the active site where substrate molecules bind.

Tryptophan Operon

A segment of DNA in bacteria that regulates the production of tryptophan by switching the genes responsible for its synthesis on or off.

Active Repressor Protein

A protein that binds to specific DNA sequences to inhibit the transcription of certain genes, controlling gene expression.

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