Suppose that in 2025 the US economy is in an expansion. The…
Suppose that in 2025 the US economy is in an expansion. The Fed increases the money supply. What is the impact on the economy? The money supply [ms] The AD function [ad] The AS function [as] Impact on the economy: nominal interest rate [i] real GDP [rgdp] Price (inflation) [inflation] Unemployment [unemp]
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