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Ao9 Ao9
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8 years ago
We limit ourselves to two periods in the intertemporal model of the business cycle because
A) we can assume that people can live two periods of, say, 30 years.
B) this is all we need to emphasize the intertemporal trade-off.
C) we need an even number of periods.
D) we need to concentrate on the two phases of the business cycle.
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Macroeconomics

Macroeconomics


Edition: 5th
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GordisGordis
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8 years ago
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Ao9 Author
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8 years ago
Expert Upwards Arrow Smiling Face with Open Mouth
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