Question
Pt 1. Economists usually maintain that policy designed to increase aggregate demand cannot have any long-run real effects. What lies behind this argument? Pt 2.
Pt 1. Economists usually maintain that policy designed to increase aggregate demand cannot have any long-run real effects. What lies behind this argument?
Pt 2. Using the question in Pt 1., draw the inflationary impact of expansionary monetary policy curve (draw the curve, noting both SRAS and AD and the Y and P and equilibrium.
Pt 3. How does Technology work itself into LRAS?
Pt 4. there is hurricane, how can this translate itself into the short run aggregate supply curve (draw the curve, noting both SRAS and AD and the Y and P and equilibrium)?
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Using Excel For Principles Of Econometrics
Authors: R Carter Hill, Genevieve Briand
4th Edition
1118032101, 9781118032107
