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★ѕραndavir ★ѕραndavir
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6 years ago
If the current AD curve intersects the LAS curve at a positive price level, can self-correction be thwarted?
A) No: it is inevitable.
B) Yes: via the Pigou effect.
C) Yes: via downwardly-rigid wages.
D) Yes: via monetary impotence.
Textbook 
Macroeconomics

Macroeconomics


Edition: 12th
Author:
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thecromthecrom
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6 years ago
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