Elucidate how the changes in the monetary policy effectivene

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Q. When hourly rate of burrito employees goes from $8 to $10, weekly quantity supplied of burritos decreases from 350 to 320. What is the factor-price elasticity of supply?

Q. given your answer in parts b-d elucidate how the changes in the monetary policy effectiveness lag and the interest-rate multiplier affects how much and how long monetary policymakiers must change interst rates in response to any given demand shock

Reference no: EM1353359

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