Plot a baseline Market for Real Money Balances and LM curve.Now, consider an online shopping boom and
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Plot a baseline Market for Real Money Balances and LM curve.Now, consider an online shopping boom and everyone is doing theirshopping online rather than in store (assume their consumptionlevels stay the same). show its effect on equilibrium incomeand interest rate with the full IS-LM model. (Here you should graphthe Market for Real Money Balances, the Keynesian Cross, and theIS-LM curves.)
Related Book For
Modeling Monetary Economies
ISBN: 978-1107145221
4th Edition
Authors: Bruce Champ, Scott Freeman, Joseph Haslag
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