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This is a hypothetical scenario. Suppose, due to several unanticipated negative shocks, the EU economy falls into a deep recession. Using the aggregate AD-AS theory, show and explain the short-run and

This is a hypothetical scenario. Suppose, due to several unanticipated negative shocks, the EU economy falls into a deep recession. Using the aggregate AD-AS theory, show and explain the short-run and long-run impacts of the European recession on the US economy. Other things are assumed constant.

Aug 23 2021 View more View Less

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