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In 2008, the world economy experienced so-called global recessions, sharp falls in income and rapid increases in unemployment.
a. Briefly summarize the main causes for the global recession and explain it with the aggregate demand and aggregate supply framework.
b. Summarize the major recovery plans adopted by major advanced countries, including fiscal and monetary policies. Again, use the AD-AS framework to explain the recovery plans.
difference between transaction exposure risk and translation exposure risk#
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In 2008, the world economy experienced so-called global recessions, sharp falls in income and rapid increases in unemployment. a. Briefly summarize the main causes for the globa
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