The Key Change the Early DSGE Models Made to the ________

question 93

Multiple Choice

The key change the early DSGE models made to the ________ was to change the nature of ________ from ________.

• A) AS/AD model; potential output; linear to fluctuating
• B) quantity equation; velocity; being constant to moving in unpredictable ways
• C) Robinson Crusoe model; the discount rate; high to low patience
• D) Fisher equation; inflation expectations; ex post to ex ante
• E) Solow model; TFP; growing at a constant rate to shocks

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Definitions:

Projective Tests

Psychological assessment tools designed to reveal hidden emotions and internal conflicts via responses to ambiguous stimuli.

Reliability

The extent to which a measurement instrument yields reliable and uniform outcomes across different occasions.

Personality Inventory

A test designed to measure broad personality characteristics, consisting of statements about behaviors, beliefs, and feelings that people evaluate as either characteristic or uncharacteristic of them.

Neuropsychological Test

A test that detects brain impairment by measuring a person’s cognitive, perceptual, and motor performances.