Quotulatiousness

May 25, 2019

Game of Theories: Real Business Cycle

Filed under: Economics — Tags: — Nicholas @ 02:00

Marginal Revolution University
Published on 21 Nov 2017

Many economic downturns throughout human history can be explained by real business cycle (RBC) theory. So what makes this theory “real” and what are its drawbacks? We’ll cover both in this five-minute tour of RBC.

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