In each of the following cases, explain whether the policymakers response to a beneficial supply shock was

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In each of the following cases, explain whether the policymakers’ response to a beneficial supply shock was accommodating, extinguishing, or neutral.
(a) The inflation rate fell, but the unemployment rate did not change.
(b) The inflation and the unemployment rates both fell.
(c) The unemployment rate fell, but the inflation rate did not change.
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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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