If total factor productivity shocks are cyclical

Normale Antwort Multiple Choice

• Identification is less challenging for RBC model

  Identification is less challenging for RBC model

  Identificationis less challenging for RBC model
• Money cannot be regarded as neutral in the RBC model

  Money cannot be regarded as neutral in the RBC model

  Money cannot be regarded as neutral in the RBC model
• The RBC model has difficulties to explain business cycle by exogenous supply shocks

  The RBC model has difficulties to explain business cycle by exogenous supply shocks

  The RBC model has difficulties to explain business cycle by exogenous supply shocks
• Empirical estimates of the inter temporal substitution effect of leisure are in line with the predictions of the RBC model

  Empirical estimates of the inter temporal substitution effect of leisure are in line with the predictions of the RBC model

  Empirical estimates of the inter temporal substitution effect of leisure are in line with the predictions of the RBC model

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