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7. Commentators on the US economy feel the US economy fell into a recession in 2001 and then proceeded into a slow-growth recovery due to
7. Commentators on the US economy feel the US economy fell into a recession in 2001 and then proceeded into a slow-growth recovery due to a decline in investment. a. Explain how a change in investment a big impact on GDP can have caused a nationwide slump. Recall that investment is "small" relative to the whole economy. b. Illustrate your reasoning using our AD/AD model
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Modern Principles of Economics
Authors: Tyler Cowen, Alex Tabarrok
3rd edition
1429278390, 978-1429278416, 1429278412, 978-1429278393
