Chapter16: Monetary Policy
Section16.A: Policy Disputes Using The Self Correcting Aggregate Demand And Supply Model
Problem 3SQP
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1) According to the
2) According to the Phillips Curve, as unemployment rises what happents to inflaiton? Why?
3) According to the
4) Accroding to the AS/AD model, if AD decreases what happens to PL, GDP and unemployment?
5) According to the AS/AD model if AS decreases what happens to PL GDP and unemployment?
6) Based on your answer to #5 how would you show the decrease in AS on the Philips Curve?
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what kind of relationship is between GDP and
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