Top Posters
Since Sunday
10
p
4
h
4
c
4
d
3
3
c
3
t
3
u
3
A
3
B
3
j
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
johnpaul92 johnpaul92
wrote...
Go to Answer
Posts: 2600
Rep: 9 0
8 years ago
Suppose the Federal Reserve's short-run response to any change in the economy is to change the money supply to maintain the existing real interest rate. What would happen to money supply if there were a reduction in government purchases? Given the Fed's policy, what would happen in the very short run (before general equilibrium is restored) to output and the real interest rate? What must happen to the LM curve and the price level to restore general equilibrium?
Textbook 
Macroeconomics

Macroeconomics


Edition: 8th
Authors:
Read 159 times
3 Replies
Replies
Answer verified by a subject expert
supamansupaman
wrote...
#1
Top Poster
Posts: 2219
Rep: 49 0
8 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

johnpaul92 Author
wrote...
#2
8 years ago
Wow, you answered what I thought was impossible to answer, thank you!
wrote...
#3
8 years ago
Take care for now
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1137 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 319
  
 2671
  
 191
Your Opinion
Previous poll results: Where do you get your textbooks?