Question (i) Explain why some economists might argue that the costs of recessions (artificially created or due
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Question (i)Explain why some economists might argue that the costs of recessions (artificially created or due to economic shocks) may not disappear in six months or so, but could actually take many years to reduce.
Question (ii) Illustrate, with the use of the dynamic AD/AS model, your answer in part (i).
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