Models That Focus on Factors Such as Technology Shocks Rather

question 19

Multiple Choice

Models that focus on factors such as technology shocks rather than "monetary" explanations of fluctuations in real GDP are called

• A)nonmonetary business cycle models.
• B)real business cycle models.
• C)rational expectations models.
• D)short-run macroeconomic models.

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Definitions:

CFC

Chlorofluorocarbon, a class of compounds used as refrigerants, solvents, and propellants in aerosols, contributing to ozone layer depletion when released into the atmosphere.

Asymmetric Carbon

A carbon atom attached to four different types or groups of atoms, making it a stereo center.

Monochlorinated Products

Compounds that result from the introduction of a single chlorine atom into a molecule, often through substitution reactions.

Free-radical Chlorination

A chemical reaction in which chlorinated molecules are produced by the action of chlorine radicals, often used to synthesize chlorinated organic compounds.