Question
Australia has been in recession during the first half of 2020 as the pandemic led to a substantial reduction in production and household spending according
Australia has been in recession during the first half of 2020 as the pandemic led to a substantial reduction in production and household spending
according to this article: (provided at the comment section)
Use the multiplier model to illustrate and explain in some detail how the aggregate demand function will shift due to the pandemic-led "household recession".[7 marks]
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Mostly Harmless Econometrics An Empiricist's Companion
Authors: Joshua Angrist
1st Edition
1400829828, 9781400829828
