In real business cycle theory, why cant the change in the money supply prompted by a series

Question:

In real business cycle theory, why can’t the change in the money supply prompted by a series of events catalyzed by an adverse supply shock be considered the cause of the business cycle?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Macroeconomics

ISBN: 9781337617390

13th Edition

Authors: Roger A. Arnold

Question Posted: