Which of the Following Would Not Be Considered a Real

question 25

Multiple Choice

Which of the following would not be considered a real variable in determining a real business cycle?

• A)A change in technology
• B)A labor strike
• C)An increase in the money supply
• D)A change in tastes
• E)A substantial weather event

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Definitions:

Vicarious Liability

A legal doctrine holding an individual or entity liable for the actions of another, based on the relationship between them, such as employer-employee.

Ultra Vires Rule

A legal doctrine that acts performed beyond the scope of a corporation's or entity's powers are invalid.

Business Judgment Rule

A legal principle that protects the decisions made by a corporation's board of directors from being challenged in court, provided they were made in good faith and with reasonable care.

Oppression

The exercise of authority or power in a burdensome, cruel, or unjust manner.