Question
Explain what you understand by each of the following: a) Endogenous and exogenous variables in a macro model. b) The short-run and medium-run equilibrium of
Explain what you understand by each of the following:
a) Endogenous and exogenous variables in a macro model.
b) The short-run and medium-run equilibrium of a macro model.
c) The determinants of the neutral interest rate in the medium run.
d) The goods market multiplier
e) The money supply multiplier
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Economics Principles and Policy
Authors: William J. Baumol, Alan S. Blinder
12th edition
978-0538453677, 538453672, 978-0538453622, 538453621, 978-0538453653
