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Real Business Cycle Model
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Problem 1
Problem 2
Problem 3
Problem 4
Problem 5
Problem 6
Problem 7
Problem 8
Problem 9
Problem 10
Real Business Cycle Model
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24. Macroeconomic Schools of Thought / Real Business Cycle Model / Problem 7
Problem 7
What does a constant price level despite changes in real GDP imply in the Real Business Cycle Model?
A
Economic fluctuations are driven by changes in aggregate demand.
B
Economic fluctuations are driven by changes in aggregate supply.
C
Economic fluctuations are driven by changes in government policy.
D
Economic fluctuations are driven by changes in consumer preferences.
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