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    Macroeconomics Study Set 38
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    Exam 15: Dsge Models: the Frontier of Business Cycle Research
  5. Question
    The Early DSGE Models Assumed That TFP Fluctuates Over Time
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The Early DSGE Models Assumed That TFP Fluctuates Over Time

Question 51

Question 51

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The early DSGE models assumed that TFP fluctuates over time rather than growing at a constant rate.

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