Question
What is the effect of a decrease in interest rates on the price level? Discuss the process of adjustment to the new equilibrium. Please use
What is the effect of a decrease in interest rates on the price level? Discuss the process of adjustment to the new equilibrium.
Please use graphs and worded explanation for both long run and short run so I may understand better.
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Using Econometrics A Practical Guide
Authors: A. H. Studenmund
7th edition
013418274X, 978-0134182742
