What impact would you expect each of the following events, Ask an Expert

Economics

What impact would you expect each of the following events to have on business cycles? Label each as a demand-side or supply-side shock.

· Defense production increases due to the imminent threat of war

· Net exports decline due to a deep recession in Europe

· A sharp increase in technology innovation leads to significant productivity growth

What economic policy changes might you expect in response to each of these events?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9747099

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