Suppose that both the Irish and American economies risk a rise in the inflation rate due to

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Suppose that both the Irish and American economies risk a rise in the inflation rate due to low unemployment. Given the information contained in question 18, and your answer to that question, explain what actions policymakers in each economy must take in order to reduce real GDP relative to natural real GDP in an effort to restrain a rise in the inflation rate.
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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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