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    Macroeconomics Policy and Practice
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    Exam 22: Modern Business Cycle Theory
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    How Might a Real Business Cycle Theorist Explain the "Volcker
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How Might a Real Business Cycle Theorist Explain the "Volcker

Question 63

Question 63

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How might a real business cycle theorist explain the "Volcker recession" of the early 1980s?

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Volcker took office in October 1979 in t...

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