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show that the steeper the AE curve the matter is the IS curve. what does this imply for the effects of changes in the interest
show that the steeper the AE curve the matter is the IS curve. what does this imply for the effects of changes in the interest rate if we only focus on the IS curve? is monetary policy more effective in generating changes in output if IS curve is flatter or steeper (and why)
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Economics Principles and Policy
Authors: William Baumol, Alan Blinder
13th edition
1305280595, 1305280598, 9781305465626 , 978-1305280595
