Question: Set up a matrix with |e| > 1, |e| = 1, |e| < 1 down the left-hand side and TR increases and TR decreases along
Set up a matrix with |e| > 1, |e| = 1, |e| < 1 down the left-hand side and “TR increases” and “TR decreases” along the top. Fill in the six parts of the matrix to indicate whether the coordi¬ nates imply an increase or a decrease in the price level.
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