Real business cycle proponents

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Real business cycle proponents argue that

  1. Recessions are caused by movements of output away from the natural rate of output

  2. Prices and wages are sticky

  3. Macroeconomics should be based on the same assumptions as microeconomics

  4. Monetary policy is important in determining recessions Easy 6 company analysis techniques to use today EFFICIENTLY ORDER A 5 STAR COLLEGE TERM PAPER NOW

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