According to the real business cycle theory, technological change
A) is increasing in recent years at an increasing rate.
B) happens at an uneven pace.
C) occurs at a constant rate.
D) happens only occasionally.

Question

Quizplus · Accepted Answer

According to the real business cycle theory, technological change happens at an uneven pace. It is not constant or occasional, but rather occurs in irregular bursts.

According to the Real Business Cycle Theory, Technological Change