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Real Business Cycle Model
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Real Business Cycle Model
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24. Macroeconomic Schools of Thought / Real Business Cycle Model / Problem 3
Problem 3
How does the Real Business Cycle Model differ from the Keynesian and Monetarist models in terms of economic fluctuations?
A
It focuses on changes in consumer preferences, while the others focus on resource availability.
B
It focuses on changes in money supply, while the others focus on technological advancements.
C
It focuses on changes in aggregate supply, while the others focus on aggregate demand.
D
It focuses on changes in government policy, while the others focus on consumer behavior.
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