Consider the normal form stage game below. Suppose this game is to be repeated innitely. Player 2 A 1 am-m C Which of the following payoff vectors
September 3, 2020
need your help what do you recommend as a best policy? A Pigovian
September 3, 2020

If in 2016 GDP was $18 trillion and the CPI was 240.

Suppose that in 2017 the US has continued the previous trend of economic growth such that unemployment is approximately 3%, inflation is approximately 5%, and the current output and output price level are $19.5 trillion and 260 respectively.

How would you describe this circumstance?

Depict this outcome in the AS-AD model

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