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The Fed Model - End of Chapter Problem Using the Fed model, compare and contrast different economic shocks: financial, spending, and supply sh Curve shifts
The Fed Model - End of Chapter Problem Using the Fed model, compare and contrast different economic shocks: financial, spending, and supply sh Curve shifts for each type of shock and the economic change associated with it. Financial Shock Spending Shock Supply Answer Bank a. Change in the real interest rate b. Change in aggregate expenditure d. Shift of the MP curve e. Shift of the IS curve f. Shift of the Phillips curve c. Change in production costs that leads to a g. Change in monetary polic
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