Question: As Figure 32.1 implies, for the United States, the long-run aggregate supply curve has on average been approximately 3% real growth per year. If a

As Figure 32.1 implies, for the United States, the long-run aggregate supply curve has on average been approximately 3% real growth per year. If a negative real shock hits, shifting it by 2 percentage points, what will happen to real growth: Will it be positive or negative? Would you call the resulting economic conditions a recession?

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