Question: Explain why in a real business cycle (RBC) model, the price level and output move in opposite directions. Is that consistent with what happened in

Explain why in a real business cycle (RBC) model, the price level and output move in opposite directions. Is that consistent with what happened in the Great Depression and the Global Economic Crisis of 2007–09? What other problems do the Great Depression and the Global Economic Crisis of 2007–09 present in terms of the RBC model providing a satisfactory explanation of business cycles?

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