When will aggregate shocks have strongest effect on output, Macroeconomics

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When will aggregate shocks have strongest effect on output

Problem

In Lucas's imperfect-information model of aggregate supply, when will aggregate shocks (shocks to the economy at large, rather than to particular regions or markets) have the strongest effect on output? Explain.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: When will aggregate shocks have strongest effect on output

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Macroeconomics: When will aggregate shocks have strongest effect on output

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