What will happen to economy in short run interest rates fall

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Reference no: EM13838189

1. Predict what will happen to the economy in the short run if interest rates fall.

Price level will ____________________

Real GDP will _____________________

Unemployment rate will ______________

2. Predict what will happen to the economy in the short run if firms perceive that the business climate is getting worse.

Price level will ____________________

Real GDP will _____________________

Unemployment rate will ______________

Reference no: EM13838189

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