Effect of monetary and fiscal policy on aggregate demand
What causes the lags in the effect of monetary and fiscal policy on aggregate demand? What are the implications of these lags for the debate over active versus passive policy?
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Any of the classes from "Unity and Variety" up to and including "Folk Music, Art Music, and All That Jazz
In the late 1990s a growing number of economist argued that world policymakers were focusing too much on fighting inflation. The economist argued that the technical level of potential output had risen. Show their argument using the AS/AD model.
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single firm monopolizes the entire market for single-lever. Calculate the profit-maximizing price and quantity combination for the firm. What is the firm's profit?
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