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Slide 1 Real Business Cycles Supply Side Economics Slide 2 The Real Economy Neoclassical (Supply Side) Economics suggests that business cycles are the result of random disturbances…

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Slide 1 VII Keynesian revolution - theory Slide 2 Remark Lectures VII and VIII – closed economy only But see Lectures XI and XII Slide 3 John Maynard Keynes 1883-1946 Cambridge,…