An increase in the market supply of clerks leads to an increase in the market wage rate for clerks.

Models that focus on factors such as technology shocks rather than "monetary" explanations of fluctuations in real GDP are called

A) rational expectations models. B) real business cycle models. C) short-run macroeconomic models. D) nonmonetary business cycle models.

Uncertainty includes all of the following except ____

a. unknown effects of deliberate actions b. incomplete information as to the type of competitor c. random disturbances d. unverifiable claims e. accidents due to weather hazards