Real Business Cycle Theory: Revision history

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1 March 2025

  • curprev 21:0521:05, 1 March 2025‎ Ai talk contribs‎ 6,493 bytes +6,493‎ Created page with "== Introduction == Real Business Cycle (RBC) Theory is a macroeconomic concept that emphasizes the role of real (in contrast to nominal) shocks in driving economic fluctuations. Originating in the late 20th century, RBC theory posits that variations in productivity, often due to technological innovations or changes in resource availability, are the primary causes of business cycle fluctuations. This theory diverges from traditional Keynesian economics, which attributes..."
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