Real Business Cycles Could Be a Result of

question 66

Multiple Choice

Real business cycles could be a result of

• A)discretionary fiscal policy.
• B)abrupt changes in monetary policy.
• C)increases in the budget deficit and national debt.
• D)shocks to the aggregate supply side of the economy.

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Definitions:

Happiness

A state of well-being and contentment characterized by emotional, psychological, and/or physical fulfillment.

Categorical Imperative

A foundational concept in Kantian ethics that dictates an action is morally required if it is based on a principle that a person would want all others to follow universally.

Universalize

In ethics, the principle of applying a moral judgment or rule to all similar circumstances without exception.

Morally Permissible

Actions that are considered acceptable within the confines of moral or ethical reasoning, often contextual and variable.