Following an inflation shock, explain why unemployment goes up before the economy returns to medium-run equilibrium.

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Macroeconomics Institutions Instability And The Financial System

ISBN: 9780199655793

1st Edition

Authors: Wendy Carlin, David Soskice

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Question Posted: Jun 10, 2024 02:09 AM

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Following an inflation shock, explain why unemployment goes up before the economy returns to medium-run equilibrium.

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Macroeconomics Institutions Instability And The Financial System

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