Economics (MindTap Course List)
Economics (MindTap Course List)
13th Edition
ISBN: 9781337617383
Author: Roger A. Arnold
Publisher: Cengage Learning
Question
Chapter 8, Problem 18QP

 (a)

To determine

Estimate the impact of price level and real GDP when consumption increases and interest rate decreases.

(b)

To determine

Estimate the impact of price level and real GDP if export decreases when dollar appreciates.

(c)

To determine

Estimate the impact of price level and real GDP when the wage rate increases.

(d)

To determine

Estimate the impact of price level and real GDP when there is a beneficial supply shock.

(e)

To determine

Estimate the impact of price level and real GDP when there is adverse supply shock.

(f)

To determine

Estimate the impact of price level and real GDP when productivity decreases.

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