In Real Business Cycle Theory,the Persistence of Shocks to Total

question 23

Multiple Choice

In real business cycle theory,the persistence of shocks to total factor productivity is justified by

• A) the fact that some capital depreciates every period.
• B) the behavior of Solow residuals.
• C) the fact that Taylor rules have been used in post-war United States.
• D) the fact that capital takes some time to build.

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