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2 Nov 2021
Problem 15
Page 621
Section: REVIEW QUESTIONS
Chapter 25: The Keynesian Perspective
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2 Nov 2021
Introduction
Recession is a period when there is a downfall in the demand for goods and services compared to the goods and services to be produced at full employment level.
Inflation is the period where there is a regular
0increase in general price level of goods and services in an economy.
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