In each of the following figures, the starting point is point 1. Which part illustrates each of

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In each of the following figures, the starting point is point 1. Which part illustrates each of the following?

(a) Friedman natural rate theory (short run)

(b) New classical theory (unanticipated policy, short run)

(d) New classical theory (incorrectly anticipated policy, overestimating increase in aggregate demand, short run)

(e) Policy ineffectiveness proposition (PIP).

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Economics

ISBN: 978-1133561675

11th edition

Authors: Roger A. Arnold

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Question Posted: May 28, 2018 06:17 AM

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In each of the following figures, the starting point is point 1. Which part illustrates each of

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Economics

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