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Which of the following economic events correspond with a dramatic decline in real GDP with actual GDP falling below potential GDP by 11 percent, but
Which of the following economic events correspond with a dramatic decline in real GDP with actual GDP falling below potential GDP by 11 percent, but only a slight decrease in the price level for a few months? Multiple Choice the expansion in aggregate demand in the late 1980s the housing bubble collapse in 2006 the oil-price shock of the early 1970s the COVID pandemic recession in 2020
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