Q. According to real business cycle theory, the primary causes of business cycles are (Solved)
1. shocks to aggregate demand.
2. monetary factors.
3. technology shocks.
4. waves of self-fulfilling optimism and pessimism.
- c. technology shocks.
1. shocks to aggregate demand.
2. monetary factors.
3. technology shocks.
4. waves of self-fulfilling optimism and pessimism.