According to real business cycle theory, a. monetary factors affecting aggregate demand cause macroeconomic instability. b. when real wages fall during recessions, "real" unemployment rates rise. c. the net long-run costs of business fluctuations are severe. d. recessions result from declines in long-run aggregate supply, rather than decreases in aggregate demand.
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Home » Business » According to real business cycle theory, a. monetary factors affecting aggregate demand cause macroeconomic instability. b. when real wages fall during recessions, "real" unemployment rates rise. c.