- 7), where b = 2, = 1/5, and R - T = 0.01. ock where the economy goes from ā = -0.01 to ā = 0.0, then short- ercentage points (enter a negative number for a fall in short-run output in short-run output).
- 7), where b = 2, = 1/5, and R - T = 0.01. ock where the economy goes from ā = -0.01 to ā = 0.0, then short- ercentage points (enter a negative number for a fall in short-run output in short-run output).
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter9: An Introduction To Basic Macroeconomic Markets
Section: Chapter Questions
Problem 3CQ
Related questions
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![Economics
Question 9
1
Consider the IS curve Y
E ā – b(R – F)|, where b = 2, = 1/5, and R – ř = 0.01.
If there is a positive demand shock where the economy goes from ā = -0.01 to ā = 0.0, then short-
run output changes by percentage points (enter a negative number for a fall in short-run output
and a positive number for a rise in short-run output).](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F139cd854-9492-4555-aba6-d46cab8a2003%2F47e494b6-65d2-4594-bfdc-d0c2e5bf5aaa%2Femo8fia_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Economics
Question 9
1
Consider the IS curve Y
E ā – b(R – F)|, where b = 2, = 1/5, and R – ř = 0.01.
If there is a positive demand shock where the economy goes from ā = -0.01 to ā = 0.0, then short-
run output changes by percentage points (enter a negative number for a fall in short-run output
and a positive number for a rise in short-run output).
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