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short answers 1.Explain DSGE Model with equation: 2 .How would you define short-run fluctuation or 'detrended output'. Provide the formula. 3.What are the three premises

short answers

1.Explain DSGE Model with equation:

2 .How would you define short-run fluctuation or 'detrended output'. Provide the formula.

3.What are the three premises the short run model is based on? Explain.

4 .Explain Phillips Curve & what shocks to the macroeconomy have caused the global financial crises?

5 .What is Solow Growth Rate? What is Okun's Law

6 .Explain the natural unemployment rate and its relationship to inflation rate. What is the difference between deflation and disinflation?

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