1. Are the effects of an increase in aggregate demand in the aggregate demand and aggregate supply model consistent with the Phillips curve? Explain.
2. Explain the connection between the vertical long-run aggregate supply curve and the vertical long-run Phillips curve.
3. Why and in what way are fiscal policy lags different from monetary policy lags?
To get the answer for the above tutorial, please click on the below purchase button. In case you find any problem in getting the download link or downloading the tutorial, please send us an email on firstname.lastname@example.org