How the u.s. price level decreased over a 12 month

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Reference no: EM13184442

1. Why do you suppose that the U.S. price level decreased over a 12 month interval during the 2008-2009 recessions?

2. On the basis of Figure 11-13, are jumps in the VIX index always associated with reductions in aggregate demand that inducerecessions?

Reference no: EM13184442

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