Question: 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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