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The aggregate demand/aggregate supply model is used to understand short-run fluctuations in real GDP (i.e. the business cycle). According to the aggregate demand/aggregate supply model,
The aggregate demand/aggregate supply model is used to understand short-run fluctuations in real GDP (i.e. the business cycle). According to the aggregate demand/aggregate supply model, what are some of the things that can cause a recession?Also, discuss the relationship between the business cycle and the unemployment rate?
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