In_the_Late_1990s_a_Growing_Number_of_Economists_Argued_That_World_Policymakers_Were_Focusing_Too_Mu

May 1st, 2015
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In the late 1990s a growing number of economists argued that world policymakers were focusing too much on fighting inflation. The economists also argued that the technical level of potential output had risen. Show their argument using the AS/AD model. Ans. During the 1970s and the 1980s inflation had risen to relatively higher levels as compared to the earlier decades.

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In the Late 1990s a Growing Number of Economists Argued That World Policymakers Were Focusing Too Much on Fighting Inflation. the Economists Also Argued That the Technical Level of Potential Output Had Risen. Show TheirQ. In the late 1990s a growing number of economists argued that world policymakers were focusing too much on fighting inflation. The economists also argued that the technical level of potential output had risen. Show their argument using the AS/AD model. Ans. During the 1970s and the 1980s inflation had risen to relatively higher levels as compared to the earlier decades. The

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