In DGSE Models, the Dynamics of How Macro Variables React

question 21

Multiple Choice

In DGSE models, the dynamics of how macro variables react to a policy shock is called:

• A) the estimated coefficient.
• B) transition dynamics.
• C) an impulse response function.
• D) a policy response function.
• E) Ricardian equivalence.

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Definitions:

Structure

The arrangement or organization of related elements in a system or entity, often providing stability or support.

Organic

In sociology, describes societies that function like a living organism with complex, interdependent systems; in agriculture, refers to food produced without synthetic pesticides or fertilizers.

Society

A community of individuals living together and sharing common traditions, institutions, and collective activities and interests.

Durkheim

A founding figure in sociology known for his work on social solidarity, the division of labor, and the sociological study of religion and suicide.