Business Cycle Models with Flexible Prices

question 30

Multiple Choice

Business cycle models with flexible prices

• A) are all non-Keynesian models.
• B) were first introduced in the General Theory of Employment, Interest, and Money.
• C) the only business cycle models in use.
• D) none of the above.

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Definitions:

Pyruvate

Three-carbon product of glycolysis.

Glycolysis

The metabolic pathway that converts glucose into pyruvate, producing ATP and NADH, and is the first step of cellular respiration in all living cells.

Fermentation

Anaerobic glucose-breakdown pathway that produces ATP without the use of electron transfer chains.

Pyruvate

A critical molecule in cellular metabolism that marks the end of glycolysis and the starting point for the Krebs cycle in aerobic respiration or fermentation in anaerobic conditions.