What did Frisch's work on business cycles involve?
Statistical models
Behavioral analysis
Policy recommendations
Market predictions
Answer
Statistical models were central to Ragnar Frisch's work on business cycles. He developed econometric techniques to analyze economic data, aiming to identify patterns and relationships within business cycles. Frisch's models incorporated statistical methods and economic theory to quantify and forecast economic fluctuations, contributing to the understanding of business cycle dynamics and the development of economic policy.
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