Game of Theories: Real business cycle

Note: This is post #115 in a weekly video series on basic economics.
The “real” part of the real business cycle (RBC) refers to real shocks to an economy, specifically to supply shocks. Continue Reading…
The post Game of Theories: Real business cycle appeared first on Acton Institute PowerBlog.

Related posts:
How geography affects economic growth
The Solow Model and the steady state
Does human capital depreciate?

Read more at The Acton Institute