EBK PRINCIPLES OF MACROECONOMICS
EBK PRINCIPLES OF MACROECONOMICS
6th Edition
ISBN: 9780073534701
Author: Frank
Publisher: YUZU
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Chapter 14, Problem 2P

(a)

To determine

Impact of supply shock on the AS curve.

(b)

To determine

Interference of Fed when the economy experience inflation shock.

(c)

To determine

Short run and long run effect on AD and AS if Fed will not interfere.

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