(Solved by Humans)-a) will the size of the margin al propensity to consume affect
Question
a) will the size of the margin al propensity to consume affect the monetary transmission mechanism?
b) explain how eexpansionary monetary policy will influence the price level and the equilibrium income level in the economy in the framework of the AD-AS model?
C) explain why an increase in norminal gdp does not necessarily imply that economic growth has taken place?
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