According to the real-business-cycle perspective

Name: According to the real-business-cycle perspective
Brand: Quizplus
Rating: 4.9 (51 reviews)

Question

Quizplus · Accepted Answer

According to the real-business-cycle perspective, the economy operates on its own without any need for active policy intervention. The economy is seen as self-correcting and any disruptions are considered temporary and will work themselves out in due time. Therefore, choice A is the correct answer as it states that the economy cannot be stabilized by active policy actions.

According to the Real-Business-Cycle Perspective