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Real business cycle theory suggests the business cycle is caused by:
World War II
A global conflict that lasted from 1939 to 1945, involving most of the world's nations and marked by significant events and battles across Europe, Asia, and other regions.
American Market
Refers to the economic marketplace of the United States, characterized by supply and demand dynamics in trade of goods and services.
United States
A country in North America consisting of 50 states and a federal district, known for its significant influence on world economy, politics, and culture.
Depressions
Extended periods of significant decline in general economic activity, usually marked by severe drops in GDP, high unemployment, and deflation.
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