Question
when output deviates from the natural level of output, the economy is believed to self correct over time. That is the economy will return to
when output deviates from the natural level of output, the economy is believed to self correct over time. That is the economy will return to the natural level of output without any policy intervention by government. Explain how this process works when output is below the natural level of output ( Use IS-LM model). (10 marks).
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The Business of Tourism Management
Authors: John Beech, Simon Chadwick
1st edition
273688013, 273688014, 9781405871631 , 978-0273688013
