Real Business Cycle Theorists Take the Comovement of Aggregate Output

question 70

Multiple Choice

Real business cycle theorists take the comovement of aggregate output and Solow residuals as strong confirmation that economic fluctuations are caused by ________.

• A)changes in aggregate demand
• B)changes in the money supply
• C)changes in the rate of inflation
• D)productivity shocks

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Definitions:

Fight Communism

The ideological struggle, particularly during the Cold War, aimed at containing or defeating communism.

American Women

Women who are citizens or residents of the United States, encompassing diverse backgrounds, histories, and contributions.

Homemakers

Individuals, traditionally women, who manage the household and take care of the family, a role that includes a wide range of domestic duties.

Demographic Shifts

Changes in the composition of a population over time, such as age, race, or gender distributions.