b. draw the following four graphs with an economy experiencing an inflationary gap: money market, investment demand, aggregate demand and supply (with the lras), and the phillips curve. show what happens in the short-run on all four graphs when the central bank decreases the money supply.

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06-12-2022
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b. draw the following four graphs with an economy experiencing an inflationary gap: money market, investment demand, aggregate demand and supply (with the lras), and the phillips curve. show what happens in the short-run on all four graphs when the central bank decreases the money supply.

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