The late 1990s in Canada was characterized by substantial economic growth with low inflation; that is, real
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The late 1990s in Canada was characterized by substantial economic growth with low inflation; that is, real GDP increased with little, if any, increase in the aggregate price level. Explain this experience using aggregate demand and aggregate supply curves. Illustrate with a diagram.
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Increases in both longrun and shortrun aggregate supply along with increases in ag...View the full answer
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Related Book For 
Macroeconomics
ISBN: 978-1319120054
3rd Canadian edition
Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson
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