Is it still true that there are no output effects

Assignment Help Econometrics

Reference no: EM131160714

Our model takes the price level as given in the short run, but in reality the currency appreciation caused by a permanent fiscal expansion might cause to fall a bit by lowering some import prices. If can fall slightly as a result of a permanent fiscal expansion, is it still true that there are no output effects? (As above, assume an initial long-run equilibrium.)

Reference no: EM131160714

Questions Cloud

What organ system has the function of protecting body organs : What organ system has the function of protecting and supporting body organs? What is the correct anatomical term for the neck area of the human body? Which of the following would not represent the study of physiology?

Differences between the metrics of each organization : Doing a presentation for Health care Organizations. We are doing it for two organizations hospital and a laser center. Describe similarities and differences between the metrics of each organization

Law of supply and demand : A healthy competitive marketplace serves both consumers and businesses. Government policies, the economy and market trends all impact products and services. The law of supply and demand, free markets, capitalism/socialism and other economic indi..

Unquestioned commitment to a value system : Positive deviance, as Hughes and Coakley explain, is the result of being too committed to the goals and norms of sport. It is the "unqualified acceptance of and an unquestioned commitment to a value system framed by what we refer to as the sport ..

Is it still true that there are no output effects : If can fall slightly as a result of a permanent fiscal expansion, is it still true that there are no output effects? (As above, assume an initial long-run equilibrium.)

What is current plan : Please share your thoughts on how you might achieve that balance in your paper for this course. What is your current plan? at least 75 words for your opnion?

Discuss the changing role of women in industrial society : Discuss the changing role of women in industrial society. How did that role change from 1830-1920? While the general idea was to limit women, how did such attitudes also open the door

What is the third stage in the chain of infection model : What is the third stage in the chain of infection model? Which of the following is the first out of the six priority areas of The Race and Health Initiative? According to the text, waves of the plague occurred how many times in history?

Component of the marketing mix : Do you think one component of the marketing mix is more important than another in terms of positioning the product in the market?

User Account

All Pages