What major business cycle facts does the RBC theory explain successfully? Does it explain any business cycle

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What major business cycle facts does the RBC theory explain successfully? Does it explain any business cycle facts less well?

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Macroeconomics

ISBN: 978-0321675606

6th Canadian Edition

Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone

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Question Posted: Apr 01, 2016 03:54 AM

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What major business cycle facts does the RBC theory explain successfully? Does it explain any business cycle

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RBC theory is successful at explaining that employment is procyclical that av...View the full answer

Macroeconomics

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