Comment on the following statement inflationary and, Econometrics

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Comment on the following statement inflationary and

1. Explain why a decrease in the price of foreign oil shifts the aggregate supply curve outward to the right. What are the consequences of such a shift?

2. Comment on the following statement: "Inflationary and recessionary gaps are nothing to worry about because the economy has a built-in mechanism that cures either type of gap automatically."

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Econometrics: Comment on the following statement inflationary and

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Econometrics: Comment on the following statement inflationary and

Reference No:- TGS02199752

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