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In the early 2000s, the Central Bank of Japan set its interest rates close to zero to stimulate demand. The goverment also increased public spending
In the early 2000s, the Central Bank of Japan set its interest rates close to zero to stimulate demand. The goverment also increased public spending and reduced taxes. As a result, while Japan's GDP increased, there was not much increase in prices. Demonstrate the status of Japan using the curves of aggregate demand. Japan in which region of the short-run AS curve could be it? Why
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