Models That Focus on Factors Such as Technology Shocks Rather

question 34

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.
• E)new Keynesian models.

---

Definitions:

General Proposition

A statement or assertion that expresses a concept or principle applying broadly across many instances or situations.

Insufficient Evidence

A situation where there is a lack of adequate information or data to support a claim or conclusion.

Blanket Statement

A generalization that is broad and overlooks exceptions or variability.

Fallacy

A mistake in logic that makes an argument incorrect or deceptive.