According to the real business cycle (RBC) theory, recessions are the result of
A. a fall in growth rate of productivity.
B. an increase in growth rate of the quantity of money.
C. an increase in investment.
D. a decrease in growth rate of the quantity of money.
Answer:A
According to the real business cycle (RBC) theory, recessions are the result of
A. a fall in growth rate of productivity. B. an increase in growth rate of the quantity of money. C. an increase in investment. D. a decrease in growth rate of the quantity of money.