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Business Cycles Explained: Real Business Cycle Theory
3:16
YouTubeLearn Liberty
Business Cycles Explained: Real Business Cycle Theory
Check out Prof. Cowen's popular econ blog: http://www.marginalrevoultion.com Does the 'Real Business Cycle Theory' have a corner on reality? Cowen gives us a crash course. Real Business Cycle Theory holds shocks to technology are the real causes economic downturns. According to these "realists," technology shocks emanate from events that ...
86K viewsJul 26, 2012
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