How does the real business cycle model explain fluctuations in employment and unemployment?

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Macroeconomics Policy And Practice

ISBN: 978-0133424317

2nd Edition

Authors: Frederic Mishkin

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Question Posted: Feb 20, 2024 04:00 AM

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How does the real business cycle model explain fluctuations in employment and unemployment?

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The real business cycle RBC model explains fluctuations in employment and unemployment primarily through changes in labor productivity and preferences ...View the full answer

Macroeconomics Policy And Practice

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