In Real Business Cycle Models,shifts of the Aggregate Demand Curve

question 24

Multiple Choice

In real business cycle models,shifts of the aggregate demand curve ________.

• A)cause changes in inflation,but have no effect on output
• B)cannot occur
• C)result from changes in the willingness to work
• D)result from Solow residuals

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Definitions:

Proxy

Authorization to represent a corporate shareholder to serve as his or her agent and vote his or her shares in a certain manner.

Greater-Than-Majority Vote

A voting requirement in decision-making processes that necessitates more than 50% of the votes to pass a motion or make a decision.

Unanimous Vote

A voting result where all participants agree on the decision or option presented without any dissent.

Shareholder Proxies

Legal authorizations granted by shareholders for someone else, often a board member, to vote on their behalf at company meetings.