The view that business cycles are the natural (indeed efficient)response of the economy to changes in technology and the availability of resources is associated with the
A) new Keynesians.
B) traditional Keynesians.
C) monetarists.
D) adaptive demand siders.
E) real business cycle theorists.

Question

Quizplus · Accepted Answer

The view that business cycles are a natural response to changes in technology and resources is associated with real business cycle theorists. They argue that economic fluctuations are primarily caused by exogenous technological shocks that affect productivity and resource availability.

The View That Business Cycles Are the Natural (Indeed Efficient)response