Unformatted text preview: Group name: Students: Suppose that there is a positive shock to the current TFP and the Central Bank does not
respond to this shift. a) Illustrate the immediate impact of this effect on the labour market. Group name: b) How will this affect the goods market and the money market? illustrate graphically using
the following diagrams. Make sure to reﬂect the effect of the goods market on the labour
market. MS/MD ...
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- Winter '15
- English-language films, Fractional-reserve banking, Economics terminology