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Which of the following the best explanation of the cause of the US recession that lasted from July 1981 until November 1982? There was

Which of the following the best explanation of the cause of the US recession that lasted from July 1981 until November 1982? There was a large and persistent price shock. The Fed Chair had an inflation target that was lower than 2%. The Fed was acting on an inaccurate real-time estimate of the size of the GDP gap. O The economy was adjusting to a decline in potential GDP..

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