Chapter 12: Problem 9
Name some government policies that could cause aggregate demand to shift.
Chapter 12: Problem 9
Name some government policies that could cause aggregate demand to shift.
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Do you think the Phillips curve is a useful tool for analyzing the economy today? Why or why not?
Suppose the economy is operating at potential GDP when it experiences an increase in export demand. How might the economy increase production of exports to meet this demand, given that the economy is already at full employment?
Explain what economists mean by "menu costs."
Explain what types of policies the federal government may have implemented to restore aggregate demand and the potential obstacles policymakers may have encountered.
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