In terms of influencing output

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1. In terms of influencing output, when the economy is operating at near full employment output relative to when the economy is operating at levels of output well below full employment

True or False?

2. During the the Great Recession, the aggregate expenditure curve shifted downward and the short run aggregate supply curve and the aggregate demand noth shfted to the left.

True or False?

Reference no: EM13834034

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