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    Economics Study Set 7
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    Exam 23: Macroeconomic Policy: Tradeoffs, Expectations, Credibility, and Sources of Business Cycles
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    A Recessionary Real Shock Is Associated with an Outward Shift
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A Recessionary Real Shock Is Associated with an Outward Shift

Question 53

Question 53

True/False

A recessionary real shock is associated with an outward shift of the short-run Phillips curve and with a leftward shift of the short-run aggregate supply curve.

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