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2.Now suppose that the economy was in state of equilibrium before September 11, 2001: The aftermath recession in the USA was a cyclical downturn or

2.Now suppose that the economy was in state of equilibrium before September 11, 2001:

The aftermath recession in the USA was a cyclical downturn or an economic shock?

If it was an economic shock, using an AD-AS diagram, demonstrate how the economy reached its long-run equilibrium by appropriate monetary and fiscal policy

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