Question
1. Using AS/AD version of the short-run model, analyze the following macroeconomics event: a. An inflation shock - Increase in price of oil b. Change
1. Using AS/AD version of the short-run model, analyze the following macroeconomics event:
a. An inflation shock - Increase in price of oil
b. Change in nominal exchange rate - Dollar depreciates
c. A decline in foreign demand for US goods.
2. Using IS-MP curve and equation, explain the effect of improvement in information technology in U.S economy.
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Intermediate Microeconomics
Authors: Hal R. Varian
8th edition
393934241, 978-0393934243
