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Lectures in Macroeconomics- Charles W. Upton Fitting the Facts
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Differences D S SR S LR H* w*
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Fitting the Facts A Temporary Demand Decrease D S SR S LR H* w*
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Fitting the Facts A Temporary Demand Decrease D S SR S LR H* w* Decline in output followed by increase in output
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Fitting the Facts A Temporary Demand Decrease D S SR S LR H* w* Decline in output followed by increase in output Increase in output followed by decrease in output
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Fitting the Facts Imperfect Information D S SR S LR H* w*
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Fitting the Facts Imperfect Information D S SR S LR H* w* Increase in output followed by decrease in output
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Fitting the Facts Imperfect Information D S SR S LR H* w* Increase in output followed by decrease in output Decrease in output followed by increase in output
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Fitting the Facts Technology Decline D S SR S LR H* w*
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Fitting the Facts Technology Decline D S SR S LR H* w* No secondary effects
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Fitting the Facts Technology Decline D S SR S LR H* w* No secondary effects A smaller than average growth or negative growth is likely to be followed by normal growth
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Fitting the Facts Technology Shift
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Fitting the Facts Technology Shift
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Fitting the Facts Technology Shift
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Fitting the Facts Imperfect Information Model
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Fitting the Facts Temporary Demand Shift Model
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Fitting the Facts Which Fits the Facts
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Fitting the Facts Imperfect Information
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Fitting the Facts Imperfect Information
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Fitting the Facts Real Business Cycles
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Fitting the Facts Real Business Cycles
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Fitting the Facts Real Business Cycles
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Fitting the Facts So what are the facts
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Fitting the Facts So what are the facts This is a graph of the growth in GDP versus last quarter’s GDP growth.
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Fitting the Facts So what are the facts r=0.34
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Fitting the Facts So what are the facts r=0.34 Other estimates are that 60% of the fluctuations in GDP are due to fluctuations in A
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Fitting the Facts So what are the facts r=0.34 r=0.19
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Fitting the Facts So what are the facts r=0.34 r=0.19 r=-0.01
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Fitting the Facts Three Quarter Lag
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Fitting the Facts End ©2004 Charles W. Upton. All rights reserved
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