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Schumpeter's theory that business cycles are caused by breakthroughs in the form of new products, new machines, or new production techniques is known as the

Schumpeter's theory that business cycles are caused by breakthroughs in the form of new products, new machines, or new production techniques is known as the

Select one:

a.

real business cycle theory.

b.

innovation theory.

c.

overinvestment theory.

d.

technology theory.

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