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15 points Suppose the government estimates potential GDP to be $550 billion, but actual GDP is $500 billion. Answer to the followings (a) According to
15 points Suppose the government estimates potential GDP to be $550 billion, but actual GDP is $500 billion. Answer to the followings (a) According to these gures, are we in a recession or in a boom? What kind of monetary policy (expansionary or contractionary) should the Fed implement? Briey explain why
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Economics
Authors: John Sloman, Jon Guest, Dean Garratt
10th edition
1292187859, 9781292187907 , 978-1292187853
