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greenbee462Lv1
28 Sep 2019
5. How does cyclical unemployment relate to a nation's production possibilities curve and how does cyclical unemployment behave across the business cycle?
6. What sorts of events can knock an economy off its long-run equilibrium, full-employment level of real GDP?
7. By referring only to the pattern of quarterly macroeconomic equilibriums, which of the recessions since 1970 would you argue that the Great Recession most resembles? Explain.
8. Why do changes in the money supply not cause changes in the nation's production possibilities frontier?
5. How does cyclical unemployment relate to a nation's production possibilities curve and how does cyclical unemployment behave across the business cycle?
6. What sorts of events can knock an economy off its long-run equilibrium, full-employment level of real GDP?
7. By referring only to the pattern of quarterly macroeconomic equilibriums, which of the recessions since 1970 would you argue that the Great Recession most resembles? Explain.
8. Why do changes in the money supply not cause changes in the nation's production possibilities frontier?
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Joshua StredderLv10
28 Sep 2019