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Q. |
Real business cycle proponents argue that |
A. | recessions are caused by movements of output away from the natural rate of output |
B. | prices and wages are sticky |
C. | macroeconomics should be based on the same assumptions as microeconomics |
D. | monetary policy is important in determining recessions |
Answer» C. macroeconomics should be based on the same assumptions as microeconomics |
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