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4. Recessions in a capitalist economy have two different types of causes: coordination failures (the aggregate demand/aggregate supply relation) and class conflict (struggle over the
4. Recessions in a capitalist economy have two different types of causes: coordination failures (the aggregate demand/aggregate supply relation) and class conflict (struggle over the wage rate). Explain how each can cause a recession. What government policies or economic reforms could be undertaken to prevent recessions
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Microeconomics Theory And Applications With Calculus
Authors: Jeffrey M. Perloff
4th Edition
134167384, 134167381, 978-0134167381
