Explain whether the model predicts the effect

Reference no: EM133707335

Question: Suppose a government announces a temporary increase of public expenditure with the goal of boosting real GDP . Use the dynamic macroeconomic model with fully flexible prices and wages to study the effects of the fiscal stimulus on , the real interest rate , employment , and the real wage. Explain whether the model predicts the effect on is larger or smaller than the change in

Reference no: EM133707335

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