Rightward shifts of the aggregate supply curve, caused by large improvements in productivity, help explain the simultaneous
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Rightward shifts of the aggregate supply curve, caused by large improvements in productivity, help explain the simultaneous achievement of full employment, economic growth, and price stability that occurred in the United States between 1996 and 2000. The recession of 2001, however, ended the expansionary phase of the business cycle. Expansion resumed in the 2002–2007 period, before giving way to the severe recession of 2007–2009.
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Economics Principles Problems And Policies
ISBN: 9780073511443
19th Edition
Authors: Campbell Mcconnell ,Stanley Brue ,Sean Flynn
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