Hey I have no clue about this question. Can someone explain it pls??
"Suppose that a permanent increase in oil prices both creates an inflationary shock and reduces potential output. Use an AD-AS diagram to show the effects of the oil price increase on output and inflation in the SR and LR...
Hey I have no clue about this question. Can someone explain it pls??
"Suppose that a permanent increase in oil prices both creates an inflationary shock and reduces potential output. Use an AD-AS diagram to show the effects of the oil price increase on output and inflation in the SR and LR...
I have no idea where to start. Any help would be greatly appreciated.
Find the coordinates of the four points A, B, C, D which divide the interval joining S(-2,3) and T(8,18) into five equal subintervals