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In India, the economy grows faster when there%u2019s a lot o

Paper help Economics In India, the economy grows faster when there%u2019s a lot o

Economics

In India, the economy grows faster when there%u2019s a lot o

In India, the economy grows faster when there%u2019s a lot of rain and grows more slowly when the… Show more a. In India, the economy grows faster when there%u2019s a lot of rain and grows more slowly when there is a drought. Briefly explain these fluctuations using Real Business Cycle theory. b. If the government attempted to smooth out the fluctuations by paying people to work more in the dry years and taxing people so they would work less in the wet years, would this make the average Indian better off? Briefly explain using RBC. RBC = Real Business Cycle • Show less

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