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    Exam 19: Current Issues in Macro Theory and Policy
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    The Real-Business-Cycle Theory Holds That Business flUctuations Are Caused by
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The Real-Business-Cycle Theory Holds That Business flUctuations Are Caused by

Question 267

Question 267

Multiple Choice

The real-business-cycle theory holds that business fluctuations are caused by


A) factors affecting aggregate demand.
B) incorrectly anticipated government stabilization policies.
C) significant changes in technology and resource availability.
D) "stop-and-go" monetary policies.

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