Economics pespective

conomics pespective Paper details A) Use economic theory to explain how, if at all, one of the following bodies of theory can explain macroeconomic fluctuations.
• Rational opportunistic political business cycle models
• Rational partisan political business cycle models
• Models of rational nominal rigidities
• Models of rational real rigidities
(50 marks. 1,500 words maximum)
B) Use economic theory to explain how, if at all, one of the following bodies of theory can explain macroeconomic fluctuations.
• The post-Keynesian paradigm
• The Austrian paradigm
(50 marks. 1,500 words maximum)