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Classical orientation of the structural stagnation

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Briefly characterize the classical orientation of The Structural Stagnation Thesis (from Martin Wolf, Chapters 5, 6 or the Structural Stagnation Policy Dilemma chapter 28-R1 referenced in Final Exam Study Folder). Use Aggregate Supply and Aggregate Demand (AS/AD) analysis to show how this school portrays globalization as an economic force that limits the potential GDP and makes fiscal policy less effective during recessions

Reference no: EM13904713

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