Question
Some additional federal unemployment benefits are set to expire over the Labor Day weekend. 1. What type of shock in an IS-LM AS-AD context most
Some additional federal unemployment benefits are set to expire over the Labor Day weekend.
1. What type of "shock" in an IS-LM AS-AD context most reflects will happen after those benefits expire. IS, LM, or an AS "shock"?
2. Based on the IS-LM AS-AD model, what will happen to output, unemployment, and prices --- all else staying the same?
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Microeconomics
Authors: Paul Krugman, Robin Wells
3rd edition
978-1429283427, 1429283424, 978-1464104213, 1464104212, 978-1429283434
