During the 1990s, because of technological change, the AS curve was shifting downward, butexcept for a few
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During the 1990s, because of technological change, the AS curve was shifting downward, but—except for a few months—the price level did not fall. Why not?
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The Fed countered the downward AS curve shift by increasi...View the full answer
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Related Book For 
Macroeconomics Principles and Applications
ISBN: 978-1111822354
6th edition
Authors: Robert E. Hall, Marc Lieberman
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