What caused the twin peaks of unemployment and inflation in 197475 and 198082? What theoretical innovations developed

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What caused the twin peaks of unemployment and inflation in 1974–75 and 1980–82? What theoretical innovations developed to explain the twin peaks?

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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

Question Posted: Dec 09, 2015 03:28 AM

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What caused the twin peaks of unemployment and inflation in 197475 and 198082? What theoretical innovations developed

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The twin peaks were caused by supply shocks The adverse oil and food price ...View the full answer

Macroeconomics

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