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Does the real business cycle model fit the data?The model indicates that consumption is investment is acyclical, countercyclical, procyclical, employment is countercyclical, acyclical, procyclical, real
Does the real business cycle model fit the data?The model indicates that consumption is
investment is
acyclical,
countercyclical,
procyclical,
employment is
countercyclical,
acyclical,
procyclical,
real wage is
acyclical,
countercyclical,
procyclical,
and average labour productivity is
countercyclical.
procyclical.
acyclical.
All
None
Some
of these are consistent with the data.
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