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We can explain the persistence of unemployment in an aggregate demand - aggregate supply model by assuming that There is downward wage rigidity All unemployment
We can explain the persistence of unemployment in an aggregate demand aggregate supply model by assuming that
There is downward wage rigidity
All unemployment is structural
There has been an adverse supply shock
The Phillips curve is downward sloping
Which of the following might shift the aggregate demand curve to the right
An increase in government expenditure funded by borrowing
A reduction in bank lending
Inflation resulting from trade unions negotiating higher wages
Falling demand for the country's goods and services in the rest of the world
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