Discuss the different impacts on the interest rate and GDP under similar shifts of the aggregate demand
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Question:
Discuss the different impacts on the interest rate and GDP under similar shifts of the aggregate demand curve (the shift of IS and LM) under different slopes of the Aggregate Supply curve. Include diagrams of the appropriate economic models to substantiate your answer.
Related Book For
Macroeconomics Principles Applications And Tools
ISBN: 9780134089034
7th Edition
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
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