Define real shock and nominal shock. What type of real shock do real business cycle theorists consider

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Define real shock and nominal shock. What type of real shock do real business cycle theorists consider the most important source of cyclical fluctuations?

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Macroeconomics

ISBN: 978-0321675606

6th Canadian Edition

Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone

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Question Posted: Apr 01, 2016 03:54 AM

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Define real shock and nominal shock. What type of real shock do real business cycle theorists consider

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A real shock is a disturbance to the real side of the economy that affects the ...View the full answer

Macroeconomics

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