The real-business-cycle theorists say that business cycles are caused by real factors affecting
aggregate supply.

Question

Quizplus · Accepted Answer

Real-business-cycle theorists argue that fluctuations in economic activity are primarily caused by changes in technology or productivity that affect the economy's ability to supply goods and services. These real factors can lead to shifts in aggregate supply, which in turn affect output and employment levels.

The Real-Business-Cycle Theorists Say That Business Cycles Are Caused by Real