Australia GDP discussion What is your chosen country’s GDP? Be sure to find the most recent information you can about […]
Tag: Business Cycle
Outline the major shortcomings of Real Business Cycle theory as a framework for understanding short-run economic fluctuations (i.e. business cycles), How does the ‘canonical New Keynesian model’ seek to address these shortcomings?
Answer both questions 1. Consider the two-period Real Business Cycle (RBC) model without uncertainty presented in the lecture slides (also […]
