Real business cycle theory attributes economic booms and slumps to the pace of technological innovation, with booms resulting from quick advancements that are difficult to immediately adapt to, potentially leading to a temporary downturn as circumstances change.
Real business cycle theory attributes economic booms and slumps to the pace of technological innovation, with booms resulting from quick advancements that are difficult to immediately adapt to, potentially leading to a temporary downturn as circumstances change.
Real business cycle theory attributes economic booms and slumps to the pace of technological innovation, with booms resulting from quick advancements that are difficult to immediately adapt to, potentially leading to a temporary downturn as circumstances change.