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    Macroeconomics Study Set 38
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    Exam 8: Inflation
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    The Federal Reserve Believed That the Productivity Slowdown in the 1970s
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The Federal Reserve Believed That the Productivity Slowdown in the 1970s

Question 33

Question 33

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The Federal Reserve believed that the productivity slowdown in the 1970s was a long-lived recession and therefore increased the supply of money.

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