Does the economy also have to be experiencing a recession

Reference no: EM131022993

Use a dynamic aggregate demand and aggregate supply graph to illustrate the change in macroeconomic equilibrium from 2017 to 2018, assuming that the economy experiences deflation during 2018. In order for deflation to take place in 2018, does the economy also have to be experiencing a recession? Briefly explain.

Reference no: EM131022993

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