Explain in terms of labor market imperfections


Problem

Explain in terms of labor market imperfections how a downward shift in the aggregate demand curve would result in a temporary reduction in output and a permanent reduction in price.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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International Economics: Explain in terms of labor market imperfections
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