Explain short-run monetary non-neutrality using ad-as model
An economy is initially in equilibrium at the natural level. The central bank increases the money supply. Graphically illustrate and explain short-run monetary non-neutrality and long-run monetary neutrality using the AD-AS model.
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The central bank increases the money supply. Graphically illustrate and explain short-run monetary non-neutrality and long-run monetary neutrality using the AD-AS model.
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