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(1) Why is the IS curve downward slopping (2) What is the Neo-classical Phillips Curve (3) Why is the Great Recession the worst post-WW2 recession?

(1) Why is the IS curve downward slopping

(2) What is the Neo-classical Phillips Curve

(3) Why is the Great Recession the worst post-WW2 recession?

(4) What has been happening to the returns to a college education over the past 50 years or so, compared to only receiving a high school education? What explains this difference?

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