In what way is a permanent negative supply shock worse than a temporary negative supply shock?

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The Economics of Money Banking and Financial Markets

ISBN: 978-0133836790

11th edition

Authors: Frederic S. Mishkin

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Question Posted: Nov 03, 2017 04:09 AM

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In what way is a permanent negative supply shock worse than a temporary negative supply shock?

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In both cases inflation rises and output falls howeve...View the full answer

The Economics of Money Banking and Financial Markets

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