3. a. Illustrate the effects of the current increase the money supply on output in the...

3. a. Illustrate the effects of the current increase the money supply on output in the both the short-run and long-run under natural rate theory using the AD/AS model.

b. Explain the lags that can influence the ability of monetary policy to address an economic downturn. Of the four lags, which are not important and which are important to monetary policy.

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Rahul Sunny answered 1 week ago

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