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In which country does the recession last longer and why

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Reference no: EM131750519

Two economies, Friedmania and Keynesia, both are in a recession with the same aggregate demand, monetary policy, and investment spending curves. Friedmania has relatively few government interventions like minimum wages or price ceilings in markets, and Keynesia's government intervenes extensively with policies like minimum wage and price ceilings. In which country is the recession larger and why? In which country does the recession last longer and why?

Reference no: EM131750519

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