LO 7 Suppose there is a temporary decrease in the relative price of solar panels. Determine how

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LO 7 Suppose there is a temporary decrease in the relative price of solar panels. Determine how the response of current aggregate output to this shock depends on the marginal propensity to consume, and explain your result.

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Macroeconomics

ISBN: 9781292215792

6th Global Edition

Authors: Stephen Williamson

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