According to Real Business Cycle Theorists,changes in Real GDP Are

question 95

Multiple Choice

According to real business cycle theorists,changes in Real GDP are the result of initial changes in

• A) aggregate demand.
• B) the money supply.
• C) the expected inflation rate.
• D) prices.
• E) none of the above

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Definitions:

Nondeclarative Memories

A category of long-term memory that includes skills, tasks, and actions one can perform without consciously thinking about them, such as riding a bicycle.

Implicit Memories

Memories that are acquired and retrieved unconsciously, influencing behaviors and knowledge without deliberate recollection.

Explicit Memories

Memories that one can intentionally remember, like specific details and happenings.

Nondeclarative

A type of long-term memory that stores skills, habits, and learned responses, it operates unconsciously and manifests through performance rather than conscious recollection.