What is the intertemporal substitution effect and what role does it play in the real business cycle model?
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Q360: If the short-run Phillips curve shifts rightward,
Q361: Q362: What is the factor that leads to Q363: What is the impulse that leads to Q364: "The long-run Phillips curve is vertical at Q366: What are criticisms of the real business Q367: How do defenders of the real business Q368: What is the impulse in the real Q369: What is the factor that leads to Q370: Explain how the short-run and long-run Phillips
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