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Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
Edition 12ISBN: 978-1259070969Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
Edition 12ISBN: 978-1259070969 Exercise 4
In Chapter 5 you learned that when the aggregate supply curve is vertical, monetary policy has no effect on the real interest rate. Give two reasons why monetary policy might still affect investment even if it does not affect the interest rate.
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This is the Classical case where the agg...
Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
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