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Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648 Exercise 17
In the late 1990s, the U.S. experienced very high GDP growth, record low unemployment rates, and virtually nonexistent inflation. Based on the conclusions of the AD/AS model, what could explain this combination of good economic results?
Explanation
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Gross domestic product (GDP):
GDP refer...
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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