unit 6 economics - times, positive supply shock during bad...

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Hello class and professor, When an economy is at potential output, it's going flat-out at the peak. This means that inflation is starting to creep up. Positive demand shock during bad times, negative demand shock during high inflation
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Unformatted text preview: times, positive supply shock during bad times, but it is not so effective due to the impossible tax cut, negative supply shock, none prefers such a policy, it's not effective....
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