News Item - Turkey's crisis is at its peak and could end 2021 with 18.4% inflation. The
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News Item - Turkey's crisis is at its peak and could end 2021 with 18.4% inflation. The Turkish Central Bank has called for making credit cheaper on the insistence of President Erdogan. Graph the full market adjustment in both the Goods and Money Market for the Turkish economy and forecast the trajectory of the Lira.
1. what happens to price, GDP, demand, Supply
- Will there be a surplus or shortage
- is there is an expansionary or contractionary shift in any of the curves
- Is there a gap in the economy - what type
2. Provide a Summary Evaluation of the monetary policy proposal to cure Turkey's 18% inflation. Summarize the impact on inflation, employment, and the Lira. Who are the winners and losers from this policy choice.
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Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
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