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Business, 02.11.2019 04:31 Dkhaurithompson

As/ad model – assume this economy has now moved from year 3 back to year 2 as a result of too much "monetary contraction" by the fed. with the price level having fallen to $1.90 and employment down to million, the nominal production gdp will be only $3800 billion. in the ppf model the economy will be at point __

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