summary Some facts in business-cycle Real-business-cycle theory's explanation to some important economic variables O Explanation to the fluctuations of output, consumption investment O Explanations to employment fluctuation O Explanations to monetary fluctuation Evaluation to Real-business-cycle theory 友学经济学院summary ❖ Some facts in business-cycle ❖ Real-business-cycle theory’s explanation to some important economic variables Explanation to the fluctuations of output, consumption & investment Explanations to employment fluctuation Explanations to monetary fluctuation ❖ Evaluation to Real-business-cycle theory