Macroeconomics (Fourth Edition)
4th Edition
ISBN: 9780393603767
Author: Charles I. Jones
Publisher: W. W. Norton & Company
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Question
Chapter 9, Problem 6E
(a)
To determine
The effect of an incorrect interpretation and time lag in the analysis of potential output.
(b)
To determine
The effect of an incorrect interpretation of a rise in output on the level of inflation.
(c)
To determine
The effect of an incorrect interpretation of a fall in the growth rate of output.
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