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    Principles of Macroeconomics Study Set 12
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    Exam 12: Policy Effects and Cost Shocks in the Asad Model
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    Since 1970, the Fed Has Usually Raised Interest Rates to Combat
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Since 1970, the Fed Has Usually Raised Interest Rates to Combat

Question 78

Question 78

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Since 1970, the Fed has usually raised interest rates to combat inflation, even when output was low.

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