Which of the following is NOT an explanation for short-run fluctuations in output in the real business cycle model?
A) A temporary shock to productivity
B) A decline in the availability of oil
C) An increase in the money supply
D) A major increase in workplace safety regulations
Correct Answer:
Verified
Q5: Business cycles
A)have existed since the Industrial Revolution,
Q6: According to the real business cycle model,
Q7: The growth rate of the money supply
A)increases
Q8: In the long run, one-time increases or
Q9: Movements in the growth rate of the
Q11: The argument that changes in output cause
Q12: According to the real business cycle model,
Q13: Which of the following is a correct
Q14: According to the real business cycle model,
Q15: According to the real business cycle model,
A)prices
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