Define real shock and nominal shock. Give an example of each. What type of real shock do
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Define real shock and nominal shock. Give an example of each. What type of real shock do real business cycle economists consider the most important source of cyclical fluctuations?
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Real Shock A real shock refers to an exogenous event or factor that affects the economys production ...View the full answer
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Related Book For 
Macroeconomics
ISBN: 9780134167398
9th Edition
Authors: Andrew B. Abel, Ben Bernanke, Dean Croushore
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