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You are an economic detective, and you observe the following three clues in the macroeconomy. 1. The real interest rate and output gap remain unchanged.
You are an "economic detective," and you observe the following three clues in the macroeconomy. 1. The real interest rate and output gap remain unchanged. 2. The economy is in a recession. 3. Actual inflation has increased. The three clues suggest that the macroeconomy has experienced a [ Select ] shock. This affects the [ Select ] curve, and it shifted [ Select ]
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