In the real business cycle model,business cycles are

Name: In the real business cycle model,business cycles are
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In the real business cycle model, business cycles are indeed seen as efficient responses to external shocks, primarily technology shocks, and occur in environments where markets clear. This model posits that fluctuations in the economy's output are not due to failures in the market or unwise policies but are the efficient outcomes of changes in technology or other shocks.

In the Real Business Cycle Model,business Cycles Are