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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
INTRODUCTION TO MACROECONOMICS
HOMEWORK # 8
8 points possible
NAME _________________________________
1. In the diagrams below, trace out the short-run effects of the given shock. Indicate the
short-run equilibrium with an S . (Yf stands for full-employment GDP)
A reduction in the price of oil. An increase in the wage rate. An increase in the money supply. A reduction in consumer
confidence about the future.
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