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Using the natural rate model, identify and diagrammatically represent the changes in P, Y, W, and N in the short run and in the long
- Using the natural rate model, identify and diagrammatically represent the changes in P, Y, W, and N in the short run and in the long run for each of the following.Next, draw the short-run and long-run Phillips curves that are consistent with your results.
- Money supply rises
- Government purchase decline
- Autonomous investment rises
- Taxes decline
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Macroeconomics
Authors: Charles I. Jones
3rd edition
978-0393123944, 393123944, 393923908, 978-0393923902
