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1 point In the model: vig tte VI= vi - B(ri - 1 ) - we,+ e My = + a( v - vi

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1 point In the model: vig tte VI= vi - B(ri - 1 ) - we,+ e My = " + a( v - vi ) - Ye, + e , What is the expected short-run effect of a negative exchange rate shock ()on output gap? ambiguous negative neutral positive 10 1 point In the model: VI= vi - B (r, - ) - went ep THE= ; + a(vi - vi) -YAO,+ , What is the expected short-run effect of a positive supply shock ( Jon output? ambiguous positive neutral

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