RBC theory accepts the REH,but views cycles arising in frictionless,perfectly competitive economies with complete markets.It argues that cycles arise through the reactions of optimizing agents to real disturbances,such as random changes in technology or productivity. Guess the model??? 电子科大经管学院马捷 RBC theory accepts the REH, but views cycles arising in frictionless, perfectly competitive economies with complete markets. It argues that cycles arise through the reactions of optimizing agents to real disturbances, such as random changes in technology or productivity.  Guess the model??? 电子科大经管学院 马捷 7