Consider a macroeconomy was initially at equilibrium level of real GDP. Using an aggregate demand and aggregate supply diagram or model of the economy, graphically illustrate and discuss the short-run and long-run effects of the following events upon the economy:
(a) The Central Bank within the economy lifts interest rates.
(b) There is an increase in private domestic investment spending.
(c) An increase in international oil prices.
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Expert's answer
2012-09-21T08:00:58-0400
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for free. Submit it with all requirements as an assignment to our
control panel and we'll assist you.
hilary
26.09.12, 07:44
please give me the answer , I don't know how to do, thank you so much!
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Unfortunately, your question requires a lot of work and cannot be done for free. Submit it with all requirements as an assignment to our control panel and we'll assist you.
please give me the answer , I don't know how to do, thank you so much!
Leave a comment