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We use a two-penod RBC model because Select one: a. the business cycle has two phases: contraction and recovery. O b.it is the simplest dynamic
We use a two-penod RBC model because Select one: a. the business cycle has two phases: contraction and recovery. O b.it is the simplest dynamic model. O c. we want to make a distinction between young and old households. O d. this is the horizon of the politicians that formulate policy. Clear my choice
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