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Describe what a classical macroeconomist, a Keynesian, and a monetarist would recommend in response to each of the following events: a) Growth in the world
Describe what a classical macroeconomist, a Keynesian, and a monetarist would recommend in response to each of the following events: a) Growth in the world economy slows. b) The international price of oil increases. c) The labor productivity of the United States is reduced.
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