1. Briefly characterize the classical orientation of The Structural Stagnation Thesis (from Martin Wolf, Chapters 5, 6 or the Structural Stagnation Policy Dilemma chapter 28—R1 referenced in Final Exam Study Folder). Use Aggregate Supply and Aggregate Demand (AS/AD) analysis to show how this school portrays globalization as an economic force that limits the potential GDP and makes fiscal policy less effective during recessions Read answer

1. Briefly characterize the classical orientation of The Structural Stagnation Thesis (from Martin Wolf, Chapters 5, 6 or the Structural Stagnation Policy Dilemma chapter 28—R1 referenced in Final Exam Study Folder). Use Aggregate Supply and Aggregate Demand (AS/AD) analysis to show how this school portrays globalization as an economic force that limits the potential GDP and makes fiscal policy less effective during recessions
Read answer

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