According to the (static) AD-AS model that we study, a negative aggregate demand shock results in a

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According to the (static) AD-AS model that we study, a negative aggregate demand shock results in a decrease in the price level in the short run. Why do we not usually see this deflation (negative inflation) in the real-world inflation data?

Posted Date: Jun 22, 2024 11:05 AM

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According to the (static) AD-AS model that we study, a negative aggregate demand shock results in a

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