Suppose that the U.S. economy has a recessionary gap and the world economy goes into an expansion.

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Suppose that the U.S. economy has a recessionary gap and the world economy goes into an expansion. Explain the effect of the expansion on U.S. real GDP and unemployment in the short run.

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Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

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Question Posted: May 21, 2018 07:41 AM

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Suppose that the U.S. economy has a recessionary gap and the world economy goes into an expansion.

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A global expansion increases exports and th...View the full answer

Foundations of Macroeconomics

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