Explain how prolonged recessions can occur and how an economy can become stuck in a slump with
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Explain how prolonged recessions can occur and how an economy can become stuck in a slump with actual output falling short of potential output even if both buyers and sellers are making the best decisions they can. How can the economy become unstuck?
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Related Book For
Principles Of Economics
ISBN: 9781319330156,9781319419769
2nd Edition
Authors: Betsey Stevenson, Justin Wolfers
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