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What Does Real Business Cycle Theory Seek to Explain

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What does real business cycle theory seek to explain?


Definitions:

Thick Description

The presentation of detailed data on interactions and meaning within a cultural context, from the perspective of its members.

Field Notes

Observational data recorded by researchers during or after their fieldwork, documenting their observations and experiences.

Representative Sample

A subset of a population that accurately reflects the members of the entire population.

Survey Research

A quantitative method of sociological research that involves asking people questions in a designed survey to collect data.

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