Round 2: 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 (-5[1])a tool that (10[1])removes a component of a time series called an HP filter. Technology drives the (10[1])longest of these phenomena called Kondratiev waves, (10[1])according to a typology of them by Joseph Schumpeter. General equilibrium analysis was applied to these phenomena (10[1])by Kydland and Prescott, who suggested they are not a result of nominal, supply-side shocks in their “real” theory of them. (10[1])For 10 points, (10[1])name these phenomena in macroeconomics that consist of periodic booms and recessions. ■END■ (10[2]0[1])

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