...and level of real GDP for? Use aggregate demand and aggregate supply principles to predict the impact on the price levels and level of real GDP for each of the following actions.
1) the fed increase the money supply by 4 percent
2) immigration causes the labor force to increase by 10 percent
3) Consumer sentiment increases, causing an increase in purchases by households
Any help is greatly, appreciated, Thank you!
1) the fed increase the money supply by 4 percent
2) immigration causes the labor force to increase by 10 percent
3) Consumer sentiment increases, causing an increase in purchases by households
Any help is greatly, appreciated, Thank you!