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Macroeconomics 10th Edition by Roger Arnold
Edition 10ISBN: 978-1111823016Macroeconomics 10th Edition by Roger Arnold
Edition 10ISBN: 978-1111823016 Exercise 12
In the short run, what is the impact on the price level and Real GDP of each of the following?
a. An increase in consumption brought about by a decrease in interest rates
b. A decrease in exports brought about by an appreciation of the dollar
c. A rise in wage rates
d. A beneficial supply shock
e. An adverse supply shock
f. A decline in productivity
a. An increase in consumption brought about by a decrease in interest rates
b. A decrease in exports brought about by an appreciation of the dollar
c. A rise in wage rates
d. A beneficial supply shock
e. An adverse supply shock
f. A decline in productivity
Explanation
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Impact on the Price level and Real GDP o...
Macroeconomics 10th Edition by Roger Arnold
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