Game of Theories: Real Business Cycle

Many economic downturns throughout human history can be explained by real business cycle (RBC) theory. So what makes this theory “real” and what are its drawbacks? We’ll cover both in this five-minute tour of RBC. ------------------------------------------------------------------------------------------------------------ Subscribe for new videos every Tuesday! http://bit.ly/1Rib5V8 Macroeconomics Course: http://bit.ly/2jLs7GD Next video: http://bit.ly/2z7RxBk Help translate this video: http://bit.ly/2zoC7N6