question archive By drawing two diagrams (1) Money market diagram (X -axis is M money stock and Y- axis is 1/P (price level) and (2) Short-run Aggregate Demand and supply curve like Chapter 23 Figure 7 (X axis is Y (Real GDP) and Y-axis is P (price Level), explain how increase in money by Fed affects equilibrium level of real GDP and aggregate price level after choosing one answer from below:______________________________ (1) Both P and Y increases (2) Both P and Y decreases (3) P increases but Y decreases (4) P decreases but Y increases Diagram (1) Diagram (2)
By drawing two diagrams (1) Money market diagram (X -axis is M money stock and Y- axis is 1/P (price level) and (2) Short-run Aggregate Demand and supply curve like Chapter 23 Figure 7 (X axis is Y (Real GDP) and Y-axis is P (price Level), explain how increase in money by Fed affects equilibrium level of real GDP and aggregate price level after choosing one answer from below:______________________________ (1) Both P and Y increases (2) Both P and Y decreases (3) P increases but Y decreases (4) P decreases but Y increases Diagram (1) Diagram (2)
Subject:EconomicsPrice: Bought3
By drawing two diagrams (1) Money market diagram (X -axis is M money stock and Y- axis is 1/P (price level) and (2) Short-run Aggregate Demand and supply curve like Chapter 23 Figure 7 (X axis is Y (Real GDP) and Y-axis is P (price Level), explain how increase in money by Fed affects equilibrium level of real GDP and aggregate price level after choosing one answer from below:______________________________
(1) Both P and Y increases
(2) Both P and Y decreases
(3) P increases but Y decreases
(4) P decreases but Y increases
Diagram (1) Diagram (2)
