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4 Suppose a closed economy not in full employment. Consider a positive IS shock. Describe in detail the SR and LR outcomes on the Economy?

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter14: Macroeconomic Policy: Tradeoffs, Expectations, Credibility, And Sources Of Business Cycles

Section: Chapter Questions

Problem 9E

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