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    Macroeconomics Study Set 68
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    Exam 18: Extending the Analysis of Aggregate Supply
  5. Question
    Explain What Happens in the Extended Aggregate Demand and Aggregate
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Explain What Happens in the Extended Aggregate Demand and Aggregate

Question 121

Question 121

Essay

Explain what happens in the extended aggregate demand and aggregate supply model when there
is a recession.

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A recession occurs when aggregate-demand...

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