With Which of the Following Statements Would a "Real Business

question 216

Multiple Choice

With which of the following statements would a "real business cycle" theorist most closely agree?

• A)"Monetary policies have greatest impact on real GDP when they are anticipated."
• B)"Expansionary monetary policy allows the central bank to control inflation and unemployment simultaneously."
• C)"Wages adjust slowly to changes in inflation as long as expectations are formed rationally."
• D)"Technological shocks to the economy explain deviations of real GDP from its potential level."
• E)"Firms are typically less accurate than workers when it comes to predicting inflation."

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A soft, cohesive substance designed to be chewed without being swallowed, often used to freshen breath and aid in oral cleanliness.

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The Occupational Safety and Health Administration is an agency of the U.S. government tasked with the responsibility to guarantee both safe and healthy conditions in the workplace.

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A chair mounted on wheels, used by individuals who are unable to walk due to illness, injury, or disability.