According to Real Business Cycle Theorists,an Increase in Total Factor

question 44

Multiple Choice

According to real business cycle theorists,an increase in total factor productivity could lead to an increase in the nominal money supply due to

• A) the cyclical behavior of tax collections and attempts by the Bank of Canada to stabilize real output.
• B) Bank of Canada attempts to stabilize real output and the price level.
• C) Bank of Canada attempts to stabilize the price level and banking sector expansion of deposit money.
• D) banking sector expansion of deposit money and the cyclical behavior of tax collections.
• E) Bank of Canada attempts to stabilize business cycle fluctuations.

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Definitions:

Distributive Fairness

Refers to the perceived fairness of outcomes and resource distributions within an organization or social group.

Procedural Fairness

The perceived fairness of the processes and methods used to make decisions and resolve disputes.

Input/Outcome Ratio

is a concept in equity theory that refers to an individual's perception of the fairness of their work input compared to the outcomes or rewards they receive.

Procedural Unfairness

The perception that the processes used to make decisions or resolve disputes are unjust, biased, or lacking in transparency.