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    Exam 13: Business Cycle Models with Flexible Prices and Wages
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    A Negative Total Factor Productivity Shock and a Negative Monetary
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A Negative Total Factor Productivity Shock and a Negative Monetary

Question 8

Question 8

Multiple Choice

A negative total factor productivity shock and a negative monetary shock contributed to the recession of


A) 1974-1975.
B) 1979.
C) 1981-1982.
D) 1990-1991.
E) 2000-2002.

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