DSGE Models That Contain Many Different Types of Households and Firms

question 20

Multiple Choice

DSGE models that contain many different types of households and firms are known as

• A)heterogeneous-agent models.
• B)homogeneous-agent models.
• C)dynamic models.
• D)multi-layered models.

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Definitions:

Human Genome

The complete set of nucleic acid sequences for humans, encoded as DNA within the 23 chromosome pairs in cell nuclei and in a small DNA molecule found within individual mitochondria.

Genes

Units of heredity made up of DNA that carry genetic information and are responsible for the inherited characteristics of organisms.

Genetic Changes

Alterations in the DNA sequence of an organism's genome, which can occur naturally or be induced artificially.

Population

A group of individuals of the same species living and interbreeding within a given area.