Real business cycles could be a result of

Question

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Real business cycles refer to fluctuations in the economy that are caused by changes in the supply side of the economy, such as changes in technology, natural disasters, or shifts in global markets. These shocks can lead to changes in production, employment, and overall economic activity. Discretionary fiscal policy, abrupt changes in monetary policy, and increases in the budget deficit and national debt can all affect the economy, but they are not typically considered direct causes of real business cycles.

Real Business Cycles Could Be a Result of