- Chapter 13, Application Problem 5
Building on Figures 13.5 and 13.6 show how equilibrium in the money market would change:
a. If money demand is less sensitive to the interest rate or
b. If there is a greater responsiveness of money demand to changes in income.
Figures 13.5
Figures 13.6
2. Chapter 14, Application Problem 5
Find the most recent summary of the survey of economic forecasters in the Wall Street Journal. What are the predictions for changes in real GDP and its major components, inflation, and unemployment? Describe the degree of consensus among the various forecasters.