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(7.5 points) Identify this shock. Justify your answer. Output Price Level Consumption % Deviation % Deviation 89 % Deviation 1.0 OLS 10 53 15 Investment

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(7.5 points) Identify this shock. Justify your answer. Output Price Level Consumption % Deviation % Deviation 89 % Deviation 1.0 OLS 10 53 15 Investment Hours Worked Wages % Deviation CHE % Deviation Deviation 10 15 2.0 15 > 10 Real Interest Rate Money Supply % Deviation 1 2 3 4 5 6 % Deviation -15-10 10 10 (7.5 points) Identify this shock. Justify your answer. Output Price Level Consumption % Deviation % Deviation 89 % Deviation 1.0 OLS 10 53 15 Investment Hours Worked Wages % Deviation CHE % Deviation Deviation 10 15 2.0 15 > 10 Real Interest Rate Money Supply % Deviation 1 2 3 4 5 6 % Deviation -15-10 10 10

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