Explain the effects of a global recession on the U.S. macroeconomic equilibrium in the short run. Explain

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Explain the effects of a global recession on the U.S. macroeconomic equilibrium in the short run. Explain the adjustment process that restores the economy to full employment.

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Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

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Question Posted: May 21, 2018 07:48 AM

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Explain the effects of a global recession on the U.S. macroeconomic equilibrium in the short run. Explain

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As the world economy goes into recession US exports decrease so the US aggregate demand decreases an...View the full answer

Foundations of Macroeconomics

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