Consider the following statement: Because most aggregate demand shifts are temporary, they have little lasting effect on

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Consider the following statement: “Because most aggregate demand shifts are temporary, they have little lasting effect on the economy, and thus there is no need for monetary or fiscal policy to correct them.”Do you agree with this statement? Briefly explain.
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Macroeconomics

ISBN: 9780132109994

1st Edition

Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty

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