The real business cycle school of thought is generally viewed as controversial because

Question

Quizplus · Accepted Answer

The real business cycle school of thought is controversial because critics find it difficult to accept the idea that many of the post-World War II recessions could be explained by adverse changes in technology, which is a major premise of the theory. While it contradicts classical economic thought, it does not blame unemployment on immigration, so option C is incorrect. Therefore, the best answer is B.

The Real Business Cycle School of Thought Is Generally Viewed