The Real Business Cycle Theory

question 243

Multiple Choice

The real business cycle theory

• A) is an extension of the Keynesian view of business cycles.
• B) is an extension of the adaptive expectations theory of business cycles.
• C) suggests that instability is caused by shifts in the long-run aggregate supply curve.
• D) suggests that instability is caused by shifts in the aggregate demand curve caused by changing consumer confidence in the economy.

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Definitions:

Special Indorsement

A type of endorsement on a negotiable instrument, such as a check, specifying the person to whom or to whose order the money is to be paid.

Blank Indorsement

An endorsement on a negotiable instrument, such as a check, where the endorser signs their name only, making it payable to the bearer of the instrument.

Restricted Indorsement

A condition placed on the transfer of a negotiable instrument, specifying to whom the instrument can be transferred or the conditions under which it can be paid.

Qualified Indorsement

An endorsement on a negotiable instrument that limits the liability of the endorser or specifies particular conditions.