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Economics

An economy in a hypothetical country is in long-run macroeconomic equilibrium when each of the following aggregate demand shocks occurs. What kind of gap-inflationary or recessionary-will the economy face after the shock, and what type of fiscal policies, giving specific exs, would help move the economy back to potential output?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M965602

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