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Author Question: Refer to Figure 15-12. In the dynamicAD-ASmodel, the economy is at pointAin year 1 and ... (Read 48 times)

james9437

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Figure 15-12









Refer to Figure 15-12.  In the dynamic AD-AS model, the economy is at point A in year 1 and is expected to go to point B in year 2, and the Federal Reserve pursues policy. This will result in


◦ unemployment rates higher than what would occur if no policy had been pursued.
◦ inflation rates higher than what would occur if no policy had been pursued.
◦ potential real GDP levels lower than what would occur if no policy had been pursued.
◦ real GDP levels higher than what would occur if no policy had been pursued.


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Marked as best answer by james9437 on Mar 16, 2019

mcabuhat

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james9437

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Reply 2 on: Mar 16, 2019
Excellent


jomama

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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