The Real Business Cycle Theory Is Based on All of the Assumptions

question 19

Multiple Choice

The real business cycle theory is based on all of the assumptions below EXCEPT

• A)small menu costs.
• B)flexible wages.
• C)pure competition.
• D)flexible prices.

---

Definitions:

Iteration Structure

A programming construct used to repeat a block of code multiple times until a specified condition is met, examples include for, while, and do-while loops.

Sequence

An ordered collection of objects or values where each item is identifiable by its position within the collection.

Selection

A programming construct that allows for choosing between two or more paths of execution based on conditions.

Invocation

The act of calling or executing a procedure, function, or method in programming.