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M&B3 3rd Edition by Dean Croushore
Edition 3ISBN: 978-1285167961M&B3 3rd Edition by Dean Croushore
Edition 3ISBN: 978-1285167961 Exercise 2
Suppose continued terrorist activity forces business fi rms and government to devote additional resources to law enforcement and military force, causing a permanent reduction in business productivity. Show the impact in the AD-AS model on the long-run level of output and the price level. What is likely to happen to consumption and investment as a result
Explanation
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Due to increased terrorist activity sin...
M&B3 3rd Edition by Dean Croushore
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