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M & B 4th Edition by Dean Croushore
Edition 4ISBN: 978-1111823351M & B 4th Edition by Dean Croushore
Edition 4ISBN: 978-1111823351 Exercise 1
Show the impact of a reduction in the money supply on the economy. You may assume that the economy begins in long-run equilibrium. Be sure to show the impact on output and the price level in both the short and the long run.
Explanation
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In the long run equilibrium occurs at th...
M & B 4th Edition by Dean Croushore
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