The global economy in 2011 appears to be headed into a


An unanticipated change in the growth rate of aggregate demand affects production and employment before they affect prices. Speculate why this occurs.

double-dip recession. Based on your knowledge of aggregate demand and aggregate supply, suggest the reasons and causes for the downward tailspin of the economy.

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Econometrics: The global economy in 2011 appears to be headed into a
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