Principles of Economics
7th Edition
ISBN: 9781305156043
Author: N. Gregory Mankiw
Publisher: Cengage Learning US
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Question
Chapter 34, Problem 2PA
(a):
To determine
Liquidity preference theory to explain the impact of the policy.
(b):
To determine
Impact of change in interest rate on output and price.
(c):
To determine
Change in price due to change the short run equilibrium to long run equilibrium.
(d):
To determine
Impact of change in the price level on demand for money and interest rate.
(e):
To determine
Real effect of money
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