Explain sticky prices approach that try to explain causes of fluctuations in short run and reach to equation (20) Y Y a(P P) Assume that the economy is in long run equilibrium Analyze in details the efffect of i negative demand shock for one period(30) ii long run growth (30) by using the necessar...

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Explain sticky prices approach that try to explain causes of fluctuations in short run and reach...

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Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Explain sticky prices approach that try to explain causes of fluctuations in short run and reach...

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Microeconomics An Intuitive Approach with Calculus

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