Short-Run Fluctuations in Real GDP Around Its Trend Value Are

question 19

Multiple Choice

Short-run fluctuations in real GDP around its trend value are

• A)generally ignored by economists,because these fluctuations do not affect behaviour of other variables such as the unemployment rate.
• B)generally ignored by economists,because these fluctuations are constant and predictable.
• C)referred to in economics as "background noise."
• D)referred to in economics as "the business cycle."
• E)unimportant to the study of macroeconomics.

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Definitions:

Reinforcement

In behavioral psychology, it refers to a process that increases the likelihood of a behavior by adding or removing a stimulus following the behavior.

Randomly Varying

Characterized by changes or differences that occur in a random manner, not following any specific pattern or prediction.

Shaping

A training technique that involves gradually reinforcing behaviors that come closer and closer to a targeted action.

Partial Responses

In medical and psychological treatments, reactions that show some improvement due to therapy but do not fulfill all criteria for complete remission.