MCQOPTIONS
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| 1. |
A usual assumption in real business cycle models is that the economy is populated by a group of identical individuals and the behavior of the group can then be explained in terms of the behavior of one individual, called a------------- |
| A. | Maximizing agent |
| B. | Representative agent |
| C. | Republican agent |
| D. | Informative agent |
| Answer» C. Republican agent | |