Graphically show the impact of a crude oil price decrease in the long-run . Include all three graphs: AS A, Money Market. Planned Expenditure,. Start with initial steady state. Show impact of a crude oil price drop in the short-run. Next show the long-run impact if the Federal Reserve does not change policy. Show the lack of self-correcting mechanism (automatic stabilizer) Show the new steady state.
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Graphically show the impact of a crude oil price decrease in the long-run . Include all three graphs...
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