What three premises does the short-run model operate under?
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Q96: Suppose an economy exhibits a large unexpected
Q97: If Q98: If Q99: You are a staff economist with the Q100: According to the Phillips curve presented in Q102: If output is above potential, so that Q103: An increase in planned investment expenditures is Q104: You are given the U.S. employment data Q105: How is a recession "officially" determined? Q106: A country with a steep Phillips curve
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