Is south korea having an inflationary or recessionary gap

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Question

Is South Korea having an inflationary or recessionary gap?

- Build in some theory- for example, using the AS/AD model we know during recessions, GDP falls, unemployment rises, inflation falls

- Reasons for business cycle- what kind of shock might have led to it?

- Is unemployment over Natural rate or under based on business cycle analysis?

Reference no: EM133508506

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