Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Please write down in a couple of sentences what I need to know about each, including any rules/formulas. I have an exam on these soon and I want to understand these concepts throughly.
Transcribed Image Text:► Monetary Policy and AD/AS
• Central Bank's role
• Taylor Rule
• Monetary Policy response to supply and demand shocks
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