Among the pioneers of real business cycle theory is ________.
A) Edward Prescott
B) Robert Lucas
C) Robert Solow
D) Paul Volcker
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Q6: The complete wage and price flexibility of
Q7: According to real business cycle theory,a likely
Q8: The primary source of shocks to potential
Q9: Which of the following would be considered
Q10: Solow residuals are estimates of _.
A)deadweight loss
B)the
Q12: The New Keynesian model,is Keynesian in that
Q13: In the real business cycle model,the short-run
Q14: Which of the following would be considered
Q15: In real business cycle models,shifts of the
Q16: Given the aggregate production function Y =
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