Round 3: Tossup 7

Misleading causation in data about these phenomena in Latvia inspired a Simon Wren-Lewis thought experiment concerning half of the economy. These phenomena are the subject of the plucking model, which opposes the natural rate view of them. A theory about these phenomena popularized a tool that removes a component of a time series called an HP filter. Technology drives (10[1])the longest of these phenomena (10[1])called Kondratiev waves, according to a typology of them by Joseph Schumpeter. General equilibrium analysis was applied to these phenomena by Kydland and Prescott, (10[1])who suggested they are not a result of nominal, supply-side shocks in their (10[1])“real” theory of them. For 10 points, name these phenomena in macroeconomics that consist of periodic booms and recessions. ■END■ (10[4]0[3])

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