According to the Real-Business-Cycle Perspective

question 42

Multiple Choice

According to the real-business-cycle perspective

• A)the economy cannot be stabilized by policy activism.
• B)the Phillips curve is very important.
• C)active policy making is important.
• D)passive policy making is important.

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Definitions:

Disgust

An emotional response of revulsion to something considered offensive, distasteful, or unpleasant.

Circumplex Model

A model describing different emotions as points in a circular space, defined by their level of arousal and valence.

Valence

The intrinsic attractiveness/good-ness or averseness/bad-ness of an event, object, or situation.

Arousal

A physiological and psychological state of being awake, aware, and alert, often associated with responses to stimuli.