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Economics  >  Class Notes  >  Chapter 8 An Equilibrium Business Cycle Model. (All)

Chapter 8 An Equilibrium Business Cycle Model.

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Cyclical Behavior of Real GDP real GDP = trend real GDP + cyclical real GDP ■ cyclical real GDP = real GDP – trend real GDP ■ the variability of the cyclical part is a good way to gauge the extent of economic fluctua ...
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