Comment on the following statement: Inflationary and recessionary gaps are nothing to worry about because the economy

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Comment on the following statement: “Inflationary and recessionary gaps are nothing to worry about because the economy has a built-in mechanism that cures either type of gap automatically.”

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Macroeconomics Principles And Policy

ISBN: 9780324586213

11th Edition

Authors: William J. Baumol, Alan S. Blinder

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Question Posted: Sep 01, 2012 02:45 AM

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Comment on the following statement: Inflationary and recessionary gaps are nothing to worry about because the economy

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The statement is overly optimistic gaps are worrisom...View the full answer

Macroeconomics Principles And Policy

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