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Suppose that the economy is currently at potential output. Also suppose that you are an economic policy maker and that a college economics student asks
Suppose that the economy is currently at potential output. Also suppose that you are an economic policy maker and that a college economics student asks you to rank, if possible, your most preferred to least preferred type of shock:positive demand shock,negative demand shock,positive supply shock,negative supply shock. How would you rank them and why?
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