How do defenders of the real business cycle theory, RBC theory) respond to critics of the theory?
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Q363: Q364: "The long-run Phillips curve is vertical at Q366: What are criticisms of the real business Q368: What is the impulse in the real Q373: When the natural unemployment rate changes, what Q378: Distinguish between the short-run and long-run Phillips Q379: In the long run, what is the Q389: For a persistent demand-pull inflation to occur, Q393: The short-run Phillips curve intersects the long-run Q396: The long-run Phillips curve slopes downward.
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