Real Business Cycle Models Argue That Fluctuations in Real GDP

question 208

True/False

Real business cycle models argue that fluctuations in real GDP are caused by unanticipated changes in the money supply.

---

Definitions:

Nazi Death Camp

Places where millions of Jews and other victims were systematically exterminated by the Nazis during World War II.

Harry S. Truman

The 33rd President of the United States, known for his decision to use atomic bombs against Japan in WWII and initiating the Marshall Plan to rebuild Europe.

Soviet Union

A Eurasian socialist nation that was in existence from 1922 to 1991, formally called the Union of Soviet Socialist Republics (USSR).

Red Army

The army and air force of the Russian Soviet Federative Socialist Republic and, after 1922, the Union of Soviet Socialist Republics.