Models That Focus on Factors Such as Technology Shocks Rather

question 19

Multiple Choice

Models that focus on factors such as technology shocks rather than "monetary" explanations of fluctuations in real GDP are called

• A)nonmonetary business cycle models.
• B)real business cycle models.
• C)rational expectations models.
• D)short-run macroeconomic models.

---

Definitions:

Accrued Revenue

Represents the income that has been earned but not yet billed or received by the company.

Prepaid Expense

Payments made in advance for goods or services to be received in the future, recorded as assets on the balance sheet.

Services Provided

The activities or functions performed by a business or organization for the benefit of its customers, which do not result in the ownership of a physical product.

Biweekly Salaries

Payments made to employees every two weeks, totaling 26 pay periods in a year.