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Documents Fluctuations and facts Chapter 2. R. Lucas (1977) «Understanding Business Cycles»...

Slide 1 Fluctuations and facts Chapter 2 Slide 2 R. Lucas (1977) «Understanding Business Cycles» “…[understanding] business cycles means constructing a model in the…

Documents Chapter 1 Introduction. Copyright © 2005 Pearson Addison-Wesley. All rights reserved. 1-2 What is.....

Slide 1 Chapter 1 Introduction Slide 2 Copyright © 2005 Pearson Addison-Wesley. All rights reserved. 1-2 What is Macroeconomics? The study of the behavior of LARGE COLLECTIONS…