In the context of the real business cycle model what is the, Ask an Expert

Economics

In the context of the real business cycle model, what is the only exogenous variable that can be the main source of business cycle uctuations? Explain why? Are declines in that exogenous variable welfare improving or welfare reducing? Should policy react to changes in this exogenous variable? Why or why not?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91867505

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