Question from Past Macroeconomics Qualifying Exam (Fall, 2004 - Question three) at George Mason University[]
Are growth and business cycles analytically separable phenomena, or are they two non-separable facets of the same economic process? Describe how different schools of macro-theorizing have addressed this question, and discuss the analytical cogency and empirical applicability of these alternative models.
Answer[]
See MacroS04-5
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