Using the short-hand symbols G, Y, Md, r and I to demonstrate the effects of an expansionary fiscal policy.

Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter15: Macroeconomic Policy, Economic Stability, And The Federal Debt
Section: Chapter Questions
Problem 7CQ
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3)Using the short-hand symbols G, Y, Md, r and I to demonstrate the effects of an expansionary fiscal policy.
2)Using the short-hand symbols Ms, r, I, Y, and Md to demonstrate the effects of an expansionary monetary
policy.
1)Using short-hand symbols, explain the effects of a contractionary fiscal policy.

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