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Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648 Exercise 27
In 1974, GDP fell by 0.6 percent, and inflation increased from 6.2 percent to 11.0 percent. Was this recession likely caused by a shift in aggregate demand or aggregate supply?
Explanation
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A recession is a fall in the output belo...
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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