Question: What implications would a vertical short run aggregate supply curve have
What implications would a vertical short-run aggregate supply curve have for the effects of demand management policy?
Relevant QuestionsFor what reasons may the NAIRU increase?What determines the rate of depreciation? What would happen if the rate of depreciation fell?Why might market-orientated supply-side policies have undesirable side-effects on aggregate demand?Go through each of the arguments for restricting trade (both those of general validity and those having some validity for specific countries) and provide a counterargument for not restricting trade.Consider the argument that in the modern world of large-scale, short-term international capital movements, the ability of individual countries to affect their exchange rate is very limited.
Post your question