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Mandolina Mandolina
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7 years ago
Whenever the economy is in equilibrium below potential, unemployment ultimately leads to falling wages which cause the AD curve to shift to the right and restore full employment and potential GDP.
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Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
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foliogefolioge
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Mandolina Author
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7 years ago
Makes a ton of sense now Smiling Face with Open Mouth
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