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Indicate whether the following statement is true, false, or uncertain. Provide a brief explanation for your answer. Marks are awarded for the explanation only. A
Indicate whether the following statement is true, false, or uncertain. Provide a brief explanation for your answer. Marks are awarded for the explanation only. A correct true, false, or uncertain designation with an incorrect explanation will receive zero marks.
In the IS-MP-AS model, a supply shock(o
)
(o)affects inflation, which causes monetary policymakers to adjust the interest rate, which leads to a change in output.
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