real business cycle theory

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Real business cycle theory is a macroeconomic framework that explains fluctuations in economic output and employment primarily through real shocks, such as changes in technology or productivity, under the assumption of rational expectations and market clearing.

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Real Business Cycle theorists 1

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IS-LM model criticizedBy real business cycle theory
this entity surface form: Real Business Cycle theorists
New Neoclassical Synthesis sharesFeatureWith real business cycle theory