When the Recession Started in 2008, the Government Estimated That

question 369

Multiple Choice

When the recession started in 2008, the government estimated that labor productivity for the year was -2.8 percent. This result is most in line with which theory of business cycle fluctuations?

• A) real business cycle theory
• B) Keynesian cycle theory
• C) monetarist cycle theory
• D) new classical cycle theory

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Definitions:

Mental Disorders

Health conditions characterized by alterations in thinking, mood, or behavior associated with distress and impaired functioning.

Adults

Refers to individuals who have reached the age of majority, typically signifying the transition from childhood into legal independence and societal responsibilities.

Hypersomnulence

A condition characterized by excessive sleepiness, even after getting an adequate amount of sleep, leading to impairments in daily activities.

Insomnia

A common sleep disorder characterized by difficulty falling asleep, staying asleep, or obtaining restorative sleep, leading to daytime impairment.