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

Question

Quizplus · Accepted Answer

Real business cycle theory suggests that technological change happens at an uneven pace, which can lead to fluctuations in economic activity.

According to the Real Business Cycle Theory, Technological Change