Multiple Choice
Which of the following is NOT part of calibration method used by the RBC theorists to analyze the business cycles?
A) Write a specific classical model of the economy.
B) Use the previous studies to assign the parameters of the model.
C) Examine the effects of random shocks on the main variables of the model.
D) Estimate the parameters of the model to predict the future values of the model.
Correct Answer:
Verified
Correct Answer:
Verified
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