MCQOPTIONS
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| 1. |
According to real business cycle theory, the primary causes of business cycles are |
| A. | shocks to aggregate demand. |
| B. | monetary factors. |
| C. | technology shocks. |
| D. | waves of self-fulfilling optimism and pessimism. |
| Answer» D. waves of self-fulfilling optimism and pessimism. | |