The economy of Albernia is facing a recessionary gap, and the leader of that nation

Chapter 0, Problem 15

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The economy of Albernia is facing a recessionary gap, and the leader of that nation calls together five of its best economists representing the classical, Keynesian, monetarist, real business cycle, and modern consensus views of the macroeconomy. Explain what policies each economist would recommend and why.

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