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Use the IS-LM-FE model to determine both the short run and long run effects when the economy is subject to the following shocks. Please explain
Use the IS-LM-FE model to determine both the short run and long run effects when the economy is subject to the following shocks. Please explain briefly using words and illustrate clearly using graphs. a) A technological innovation largely improves production efficiency b) After observing the recent data on the CPI index, people expect the price level will go up even further
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