According to Real Business Cycle Theory,money

question 25

Multiple Choice

According to real business cycle theory,money

• A)is unnecessary.
• B)is neutral.
• C)is an important determinant of both short-run and long-run real GDP.
• D)affects long-run real GDP only.

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Definitions:

Conscientiousness

A personality trait marked by diligence, carefulness, and a desire to do a task well.

Adolescence

Describes the transitional stage of physical and psychological development that typically occurs between childhood and adulthood, characterized by significant changes in body, identity, and social relationships.

Unemployment

The condition of being jobless and actively seeking work, representing a measure of the health of an economy.

Conscientiousness

A personality trait characterized by thoroughness, caution, and the tendency to strive for achievement, self-discipline, and dutifulness.