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Business, 27.11.2019 04:31 Jana1517

According to mainstream business cycle theory, a. the money wage rate is sticky and consequently if aggregate demand grows faster than potential gdp, an inflationary gap emerges b. the money wage rate is sticky and consequently if aggregate demand grows faster than potential gdp, a recessionary gap emerges c. in a business cycle expansion, short-run aggregate supply increases by more than aggregate demand d. the economy is always at full employment

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According to mainstream business cycle theory, a. the money wage rate is sticky and consequently if...
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