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    Exam 39: Current Issues in Macro Theory and Policy
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    The Real-Business-Cycle Theorists See Aggregate Supply as the "Active" Factor
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The Real-Business-Cycle Theorists See Aggregate Supply as the "Active" Factor

Question 209

Question 209

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The real-business-cycle theorists see aggregate supply as the "active" factor in causing business cycles and aggregate demand as a "passive" factor.

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