Please find a recent article(three (3)months old, or newer)related to
a fiscal or monetary policy change or an external shock. Summarize it
in one paragraph and connect it to the material we covered in class in
chapters 10, 11 and 12, using equations, graphs, and our models.
Analyze the impact of the policy change/shock using AS-AD and IS-LM
models. According to our models, how do the endogenous variables
change?(Y, r, P, up, down?)Do the results from our models contradict
or overlap with the predictions on the article? Please cite the
article and include the link to it.
Please refer to the material in powerpoints of chapter 10,11,12 attached.
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