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Bad Breaks in Real GDP and Employment : Exploring the Persistence of Aggregate Demand Shocks in the United States

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HYPOTHESIS TESTS -- CHAPTER 5: HYPOTHESIS TESTING WITH REAL GDP: SOMEWHAT MIXED RESULTS -- CHAPTER 6: DERIVED DEMAND FOR LABOR … impact a nation’s ability to recover from negative aggregate demand shocks. Spanning total real GDP, per capita real GDP, and … demand on real GDP and employment levels in the long run. Hartman studies modern macroeconomic theories related to economic …