Macroeconomics (Fourth Edition)
4th Edition
ISBN: 9780393603767
Author: Charles I. Jones
Publisher: W. W. Norton & Company
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Chapter 15, Problem 4RQ
To determine
Economic decisions made by the agents in the DSGE model.
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(Q017) Which of the following is not an effect of a decrease in government purchases in a DSGE framework?
Group of answer choices
A. increases permanent income and consumption today
B. increases leisure
C. increases labor supply
D. the real wage increases
What is the relationship between real business cycle models and DSGE models?
Question about econometrics:
How to transform AR model into the ADF model?
Chapter 15 Solutions
Macroeconomics (Fourth Edition)
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- Evaluate the importance of AD/AS models from a macroeconomic standpoint and analysis.arrow_forwardHow do changes in consumer spending patterns impact the accuracy of short-term economic forecasting models?arrow_forwardConsider the model: yt = α0 + b0st + b1st-1 + b2st-2 + b3st-3 + ut. What is the effect of a permanent change in s on y?arrow_forward
- IS/LM Model refers to the general equilibrium not macroeconomic equilibrium.arrow_forwardWhat has happened to the macroeconomic over the past two years? What is happening with the macroeconomic indicator today?arrow_forwardIn business forecasting using multiplicative decomposition which data component do you use to forecast sales outcome with macroeconomic change?arrow_forward
- theories attempted to explain why SRAS curves slope upwards.arrow_forwardDifferent theories attempted to explain why SRAS curves slope upwards. Identify and explain these theories explaining what they have in common.arrow_forwardDifferent theories attempt to explain why SRAS curves slope upwards. Identify and explain these theories explaining what they have in common.arrow_forward
- What is the importance of the J-curve in macroeconomics?arrow_forwardExplain the criticism of life cycle theory of consumption and highlight the importance of economic modelsarrow_forwardQuestion 1: Evaluate the importance of AD/AS models from a macroeconomic standpoint and analysis. Questions 2: identifying periods of economic growth and recession using the AD/AS models.arrow_forward
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