Lecture 20 Dynamic AD-AS Model(1)

Lecture 20 Dynamic AD-AS Model(1) - Note: for this...

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General view of policies and their effects in economic variables “Very” Long-Run: Potential real GDP increases continually, shifting the long-run aggregate supply curve to the right. (2-3% economic growth).
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General view of policies and their effects in economic variables
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Expansionary Fiscal Policy
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Unformatted text preview: Note: for this discussion, we consider a closed economy and ignore the effects on imports and exports. ? ?---Expansionary Monetary Policy Note: for this discussion, we consider a closed economy and ignore the effects on imports and exports. --------...
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This note was uploaded on 04/04/2012 for the course ECON 010 taught by Professor Stein during the Fall '07 term at UPenn.

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Lecture 20 Dynamic AD-AS Model(1) - Note: for this...

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