Question
4. The text notes that a 10% increase in the money supply may not increase the price level by 10% in the short run. Explain
4. The text notes that a 10% increase in the money supply may not increase the price level by 10% in the short run. Explain why.
5. Suppose the Central bank were required to conduct monetary policy so as to hold the unemployment rate below 4%. What implications would this have for the economy?
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The Industries Of The Future
Authors: Alec Ross
1st Edition
1476753660, 9781476753669
