Which of the Following Holds That Business Cycles Are Primarily

question 218

Multiple Choice

Which of the following holds that business cycles are primarily due to changes in technology and does not invoke any monetary or demand-side forces?

• A)the real business cycle theory
• B)the efficiency wage theory
• C)rational expectations hypothesis
• D)Keynesian economics

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Definitions:

Prefrontal Cortex

The front part of the frontal lobes of the brain, associated with decision making, problem-solving, control of purposeful behaviors, consciousness, and emotions.

Inhibit Impulses

The psychological process of restraining or controlling one's spontaneous desires or behaviors.

Myelination

The process of forming a myelin sheath around the axons of neurons, which speeds up signal transmission.

Pre-frontal Cortex

A region at the front of the brain associated with complex behaviors, decision making, and moderating social conduct.