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Using the 3-equation model, provide a detailed period by period analysis of the adjustment process for the case where the economy is hit by a
Using the 3-equation model, provide a detailed period by period analysis of the adjustment process for the case where the economy is hit by a permanent positive aggregate demand shock.
could you provide graphs if you could. thanks. would you also be able to reference your answer if possible, eg author, year, etc. thank you.
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