MACROECONOMICS
10th Edition
ISBN: 9781319106072
Author: Mankiw
Publisher: MAC HIGHER
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Chapter 13, Problem 5QQ
To determine
The impact of lower worth for currency on the interest rate and value of currency.
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Use the Feynman technique throughout. Assume that you’reexplaining the answer to someone who doesn’t know the topic at all:
4. Draw a Keynesian AD curve in P – Y space and list the shift factors that will shift theKeynesian AD curve upward and to the right. Draw a separate Classical AD curve in P – Yspace and list the shift factors that will shift the Classical AD curve upward and to the right.
Use the Feynman technique throughout. Assume that you’re explaining the answer to someone who doesn’t know the topic at all:
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