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The predictions made by the AD/AS model differ from the actual events that occurred after the 2008 financial crisis. Why didn't lawmakers allow the economy
The predictions made by the AD/AS model differ from the actual events that occurred after the 2008 financial crisis. Why didn't lawmakers allow the economy to self-correct? Multiple choice question. The long-run change in prices takes too long. Lawmakers are required to act in such situations. The Bank of Canada intervened instead. The AD/AS model is notoriously inaccurate
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Economics
Authors: John Sloman, Alison Wride
7th edition
978-027372130, 273721305, 978-0273721307
