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Compare and contrast the causes of the business cycle under each of the four competing business cycle theories (Monetarism/Keynesian/Real Business Cycle Theory/Austrian Business Cycle Theory)
Compare and contrast the causes of the business cycle under each of the four competing business cycle theories (Monetarism/Keynesian/Real Business Cycle Theory/Austrian Business Cycle Theory) Are there key assumptions under each? What are the key strengths and weaknesses of each? Are there specific recessions that fit each theory? How would economists believing in each recommend responding during a recession? (Do this well for full credit)
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