Explain how a recessionary output gap would emerge in an economy where the long-run aggregate supply curve

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Explain how a recessionary output gap would emerge in an economy where the long-run aggregate supply curve is persistently shifting to the right.

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Money Banking and Financial Markets

ISBN: 978-1259746741

5th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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Question Posted: Jun 09, 2018 01:33 AM

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Explain how a recessionary output gap would emerge in an economy where the long-run aggregate supply curve

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Shifts to the right in the longrun aggr...View the full answer

Money Banking and Financial Markets

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