When the recession started in 2008,the government estimates that labor productivity for the year was -2.8 percent.This result is most in line with which theory of business cycle fluctuations?

Question

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Real business cycle theory suggests that fluctuations in labor productivity are the driving force behind business cycles. A decrease in labor productivity, such as the -2.8 percent estimated during the recession, would support this theory. Keynesian theory focuses on demand-driven fluctuations, monetarist theory focuses on the role of changes in the money supply, and new classical theory emphasizes the role of rational expectations and market efficiency.

When the Recession Started in 2008,the Government Estimates That Labor