巴罗宏观经济学：现代观点第8章.pptVIP

Macroeconomics Chapter 8 Cyclical Behavior of Real GDP—Recessions and Booms Real GDP = trend real GDP + cyclical part of real GDP Cyclical part of real GDP Coming from the business cycle Short-term economic fluctuations. Cyclical Behavior of Real GDP—Recessions and Booms Cyclical Behavior of Real GDP—Recessions and Booms Cyclical Behavior of Real GDP—Recessions and Booms An Equilibrium Business-Cycle Model An Equilibrium Business-Cycle Model Conceptual Issues Assuming that these fluctuations reflect shocks to the economy. Change in level of technology Y= A· F( K, L) An increase in A