Economics · Macroeconomics
In Samuelson's model of the trade cycle, which of the following situations yields a regular/constant-amplitude trade cycle?
- 1α = 0.8, β = 4
- 2α = 0.6, β = 2
- 3α = 0.5, β = 2✓
- 4α = 0.5, β = 1
Correct answer
α = 0.5, β = 2
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