On 24 February 2022, Russian forces launch full-scale invasion of Ukraine.This has lead affected business confidence in the US. Show the effect on the following models given the Fed’s response   (a) IS-LM & Fed fights inflation   (b) AD-AS & Fed takes actions to support jobs

MACROECONOMICS FOR TODAY
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Author:Tucker
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Chapter17: The Philips Curve And Expetactions Theory
Section17.3: The Theory Of Rational Expectations
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. On 24 February 2022, Russian forces launch full-scale invasion of Ukraine.This has lead affected
business confidence in the US. Show the effect on the following models given the Fed’s response

 

(a) IS-LM & Fed fights inflation

 

(b) AD-AS & Fed takes actions to support jobs

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