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bedau bedau
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7 years ago
The "real business cycle" (RBC) model adapts the Lucas model by replacing its assumption of
A) demand shocks as primary generators of cycles.
B) adaptive expectations.
C) continuous market-clearing.
D) slow wage and price adjustment.
Textbook 
Macroeconomics

Macroeconomics


Edition: 12th
Author:
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thecromthecrom
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7 years ago
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bedau Author
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7 years ago
Brilliant
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Yesterday
Good timing, thanks!
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2 hours ago
Thanks
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