Wages, Real Business Cycle Theory and the Great Depression. A simple real business cycle explains all economic fluctuations with just technology shocks. During the Great Depression, real wages increased, which is A. consistent with a simple real business cycle because if there is a positive technology shock, output and real wages would both rise. B. inconsistent with a simple real business cycle because if there is a negative technology shock, output and real wages would both fall. C. inconsistent with a simple real business cycle because if there is a positive technology shock, output and real wages would both fall. D. consistent with a simple real business cy

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