Discuss the impact of monetary policy tightening with regards to both unemployment and inflation with respect to both the short run and long run?
University of California, Riverside 1. When the economy is at the recovery stage, both output gap and growth rate are positive? True/ False? Please Explain. 2.Assume that input prices decrease and the government decides to cut spending. In this scenario, what would happen to output (Y), the overall price (P), and unemployment (U)? Please illustrate […]