Explain the real business cycle theory

Reference no: EM132890724

MGT301 Business Ethics - Southern Institute of Technology

LO 1: Define the unemployment rate and the inflation rate and explain how to measure them

LO 2: Explain the criteria and evolution of money and its role in the economy

LO 3: Interpret the theories of business cycle and illustrate the differences between them

LO 4: Explain how international trade is financed to understand the mechanism of international borrowing and lending.

Question 1: Explain the Real Business Cycle (RBC)Theory. Explain also both the Impulse of this theory and its Mechanism.

Real Business Cycle (RBC)Theory:

Impulse theory:

Mechanism theory:

Question 2. Answer the following questions.
1. Explain the importance of the Balance of Payments.

Question 3. The world witnessed the outbreak of the COVID 19 which adversely affected many aspects of life in the world. Explain the major effects COVID 19 had on the global economy in 2020 in terms of economic developments and indicators.

economic developments
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indicators
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References

Attachment:- Macroeconomics Assignment.rar

Reference no: EM132890724

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