Which of the Following Changes Would Not Be Considered a Likely

question 16

Multiple Choice

Which of the following changes would not be considered a likely source of changes in Real GDP according to real business cycle theory?

• A) a natural disaster
• B) a technological change
• C) a change in the price of an important input
• D) a change in the money supply
• E) none of the above

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Definitions:

Employed Adults

Individuals above a specified age who are currently working in paid employment.

Employed Count

The total number of individuals in an economy who are currently employed or working.

Retired Naval Officer

An individual who has served as a commissioned officer in the Navy and has since retired from active service.

Ski Instructor

A professional trained to teach individuals how to ski, often employed at ski resorts.