Question
Explain what happens to the inflation, unemployment, and output gap in the short run in each of the following circumstances. do not need to graph
Explain what happens to the inflation, unemployment, and output gap in the short run in each of the following circumstances. do not need to graph but explain which part of IS/MP/PC is affected and why.
1.There is deep recession in China.
2.Consumers lose confidence in the economy due to the stock market crashes.
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Puzzle Of Latin American Economic Development
Authors: Patrice Franko
2nd Edition
0742524663, 9780742524668
