Find the effects of each of the following on the general
equilibrium values of the real wage, employment, output, the real
interest rate, consumption, investment, and the price level.
IllUSTRATE YOUR ANSWERS WITH APPROPRIATE GRAPHS
(IS-LM-FE).
a) The expected rate of inflation decreases.
b) The future marginal product of capital decreases. (Assume that
there is no effect on current labor supply.)
I have this homework due tonight. Please answer step by step and
write clearly to understand. Give thumbs up....