Inflation, Macroeconomics, Financial crises
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Inflation, Macroeconomics, Financial crises


  • College
  • 4670

Short excerpt:

This chapter considers the following shocks a decrease in the APE, a decrease in the ASF and a sudden rise in GDP. After the funding adjustment process is over, all three will lead to a situation characterized by excess supply of output APEGDPASF.

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