Macroeconomics
Macroeconomics
13th Edition
ISBN: 9781337617444
Author: Roger A. Arnold
Publisher: Cengage
Question
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Chapter 8, Problem 18QP

 (a)

To determine

Estimate the impact of price level and real GDP when consumption increases and interest rate decreases.

(b)

To determine

Estimate the impact of price level and real GDP if export decreases when dollar appreciates.

(c)

To determine

Estimate the impact of price level and real GDP when the wage rate increases.

(d)

To determine

Estimate the impact of price level and real GDP when there is a beneficial supply shock.

(e)

To determine

Estimate the impact of price level and real GDP when there is adverse supply shock.

(f)

To determine

Estimate the impact of price level and real GDP when productivity decreases.

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