Question

One branch of macroeconomics focuses on long-run growth and development, while the other branch focuses on________, which are fluctuations in ________, typically over time periods of five years or ________. One model that macroeconomists use to study these fluctuations, which are called recessions and expansions, is the ________ model.

Answer 1

Answer:

Below you will find the paragraph completed.

Explanation:

One branch of macroeconomics focuses on long-run growth and development, while the other branch focuses on business cycles, which are fluctuations in an economy’s growth rate, typically over time periods of five years or less. One model that macroeconomists use to study these fluctuations, which are called recessions and expansions, is the aggregate demand-aggregate supply model