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The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin
Edition 10ISBN: 978-0132763646The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin
Edition 10ISBN: 978-0132763646 Exercise 1
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For each of the following, describe how (if at all), the IS curve, MP curve, and AD curves are affected.
a. A decrease in financial frictions.
b. An increase in taxes, and an autonomous easing of monetary policy.
c. An increase in the current inflation rate.
d. A decrease in autonomous consumption.
e. Firms become more optimistic about the future of the economy.
f. The new Federal Reserve chair begins to care more about fighting inflation.
For each of the following, describe how (if at all), the IS curve, MP curve, and AD curves are affected.
a. A decrease in financial frictions.
b. An increase in taxes, and an autonomous easing of monetary policy.
c. An increase in the current inflation rate.
d. A decrease in autonomous consumption.
e. Firms become more optimistic about the future of the economy.
f. The new Federal Reserve chair begins to care more about fighting inflation.
Explanation
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Factors that shift the IS curve include ...
The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin
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