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vellojo vellojo
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7 years ago
Evidence indicates that a recession occurs at about the same time as a decrease in investment. According to the real business cycle theory, a decrease in investment is attributable to
A) intertemporal substitution in working decisions.
B) a fall in animal spirits.
C) a decline in the growth rate of the quantity of money.
D) a decline in the growth rate of productivity.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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Studying economics @ Edinburgh U
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amishamish
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7 years ago
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vellojo Author
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#2
7 years ago
Thank you for this

Comes at the right time too!

Good luck on your exams
Studying economics @ Edinburgh U
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