ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Consider the Keynesian IS-LM model. How
would each of the following scenarios affect
output, employment, the real interest rate and
the price level in the short run? In the long
run?
Wealth decreases .An increase in immigration
causes an increase in labor supply. The capital
stock increases.
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Transcribed Image Text:Consider the Keynesian IS-LM model. How would each of the following scenarios affect output, employment, the real interest rate and the price level in the short run? In the long run? Wealth decreases .An increase in immigration causes an increase in labor supply. The capital stock increases.
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