ECONOMICS
BUSINESS CYCLES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following statements is (are) correct?
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Real business cycle theorists remain convinced that the business cycle can be explained as an equilibrium phenomenon
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According to real business cycle theorists, fluctuations in output come as optimizing agents respond to real shocks that affect production possibilities
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Real business cycle theorists consider policies to prevent fluctuations in output unnecessary
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Both a and b
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All of the above
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Explanation:
There is 1 question to complete.