The economic theory that emphasizes how shocks to technology can cause fluctuations in economic activity is known as the:

Name: The economic theory that emphasizes how shocks to technology can cause fluctuations in economic activity is known as the:
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Question

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The economic theory that explains how technology shocks can cause fluctuations in economic activity is known as the real business cycle theory. It suggests that productivity shocks or changes in technology can cause changes in real GDP and unemployment.

The Economic Theory That Emphasizes How Shocks to Technology Can