Which of the Following Holds That Business Cycles Are Primarily

question 246

Multiple Choice

Which of the following holds that business cycles are primarily due to changes in technology and does NOT invoke any monetary or demand-side forces?

• A) the real business cycle theory
• B) the efficiency wage theory
• C) rational expectations hypothesis
• D) adaptive expectations hypothesis

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Definitions:

Intragroup Conflict

Disagreements or disputes that occur within a single group, team, or organization.

Sources of Conflict

Factors or circumstances that can lead to disagreements or disputes between individuals or groups, including differences in values, needs, desires, or perceptions.

Destructive Image

A perception or portrayal that undermines or negatively impacts an individual, group, or concept.

Misperception and Bias

Distorted interpretations or prejudiced views that affect understanding or decision-making, often leading to unfair judgments or stereotypes.