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Short Answer

Short Answer 1. What shape did the short-run aggregate supply curve have during the 1930s, according to Keynes? Explain. 2. What is the multiplier? How is it calculated? Why is the multiplier related only to consumption spending? 3. What are the macroeconomic consequences of a budget deficit when the economy is operating at full employment? Be sure to discuss the effects in the short run and long run. 4. Suppose that the Fed purchases $1 million in bonds in the open market. Explain how the money supply can increase by more than $1 million. 5. What happens to the price of bonds when the Fed sells bonds? What happens to the interest rate? What happens to the money supply? Answers to each question should include 2-3 paragraphs (125-250 words). APA format.
Short Answer 1. What shape did the short-run aggregate supply curve have during the 1930s, according to Keynes? Explain. 2. What is the multiplier? How is it calculated? Why is the multiplier related only to consumption spending? 3.
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Assignment ID
17047
Discipline
Type
CREATED ON
March 12, 2016
COMPLETED ON
March 14, 2016
Price
$40
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Latest reviews for Drsuccess1
masonsmommy1236
December 3, 2016
masonsmommy1236
Writer provided a great essay and certainly within the time constraint provided. I would definitely recommend this writer to anyone for future assignments.
nawaf912745
December 2, 2016
nawaf912745
good job
PVNDV34
December 2, 2016
PVNDV34
Thanks