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A: here we find the correct answer as follow;
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A: PLEASE FIND THE ANSWER BELOW.
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- Summarize the Keynesian and Neoclassical models.Suppose you are an advisor to the Business Cycle Dating Committee. You are asked to look at macroeconomic data to evaluate whether the economy has entered a recession this year. Which data do you look at? How does the economy behave at the onset of a recession? Explain how unemployment changes over the business cycle. Why do these changes occur?What is Break? how breaks play an important role in macroeconomic data?
- How do proponents of Real Business Cycle Theory explain thebusiness cycle, and why do they object to government intervention tosmooth the business cycle?list four differences between new keynesian and real business cycle models?ASAP Regardless of many assumptions, an equilibrium business-cycle model can go a long way in matching actual economic fluctuations for many macroeconomic variables. Please write down examples and explain its possible reasonings?
- Are TFP shocks a reasonable explanation for the business cycles Are TFP shocks a reasonable explanation for the business cycles we see in modern economies? Why and why not? Are TFP shocks a reasonable explanation for the business cyclesAccording to the real business cycle model, are there anything that the centralbank can do to help the economy recover from the recession? Why? You do not need to drawfigures in this question.Economists refer to fluctuations in output as the "business cycle" because movements in output are regular and predictable True/False
- True or false Macroeconomics deals with the economy as wholeAccording to the classical perspective (the one from the 19th century that I described at the beginning of my first lecture video), what kinds of things could cause recessions or other economic downturns?Explain what stability means in the context of the econ/stats class.