If an economy does not start out at full employment, is it still true that a permanent

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If an economy does not start out at full employment, is it still true that a permanent change in fiscal policy has no current effect on output?

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International Economics Theory and Policy

ISBN: 978-0273754206

9th Edition

Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz

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Question Posted: Oct 24, 2012 11:45 PM

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If an economy does not start out at full employment, is it still true that a permanent

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International Economics Theory and Policy

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