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Clear solving and explanation please (c) (4 points) Explain why in an IS-LM-PC world under adaptive expectations central banks need to cause a recession to

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Clear solving and explanation please

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(c) (4 points) Explain why in an IS-LM-PC world under adaptive expectations central banks need to cause a recession to bring back inflation to its desired target level. (d) (8 points) In an IS-LM-PC world Explain graphically and verbally the con- sequences of an oil price shock

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