Use the dynamic aggregate demand and aggregate supply model and start with Year 1 in long-run macroeconomic equilibrium.For Year 2,graph aggregate demand,long-run aggregate supply,and short-run aggregate supply such that the condition of the economy will induce the Federal Reserve to conduct a contractionary monetary policy.Briefly explain the condition of the economy and what the Federal Reserve is attempting to do.
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Q184: Table 15-6 Q185: Most economists believe that the best monetary Q186: The Taylor rule links the Federal Reserve's Q187: Use the dynamic aggregate demand and aggregate
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