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Either graphically or using text answer the following: Describe the response of a central bank to a permanent negative supply shock (fall in y^e.) Describe
Either graphically or using text answer the following: Describe the response of a central bank to a permanent negative supply shock (fall in y^e.) Describe the response of a central bank to a permanent negative demand shock (leftward shift of IS) Compare the two scenarios
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Introduction to Behavioral Economics
Authors: David R. Just
1st edition
0470596228, 978-0470596227
