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johnpaul92 johnpaul92
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8 years ago
Oil prices have risen temporarily, due to political uncertainty in the Middle East. An advisor to the Fed suggests, "Higher oil prices reduce aggregate demand. To offset this we must increase the money supply. Then the price level won't need to adjust to restore equilibrium, and we'll prevent a recession." Analyze this statement using the IS-LM model.
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Macroeconomics

Macroeconomics


Edition: 8th
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supamansupaman
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8 years ago
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johnpaul92 Author
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#2
8 years ago
Wow, you answered what I thought was impossible to answer, thank you!
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#3
4 years ago
thank you!!!
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#4
4 years ago
so much thanks of the answer which make me know more
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#5
4 years ago
thanks
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#6
3 years ago
Thank you so much for answering the question and I learnt from that. Thank you.
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#7
3 years ago
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