In real business cycle analysis, ______. a. Households and firms form their expectations rationally b. Wages and

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In real business cycle analysis, ______.

a. Households and firms form their expectations rationally

b. Wages and prices adjust quickly

c. Positive and negative shocks are the cause of the real business cycle

d. All of these

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Exploring Economics

ISBN: 9781544336329

8th Edition

Authors: Robert L. Sexton

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Question Posted: Jan 23, 2023 02:32 AM

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In real business cycle analysis, ______. a. Households and firms form their expectations rationally b. Wages and

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