d. In 2022, output is near potential, but prices are high. The Fed tightens the money supply in response. i. Demonstrate

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answerhappygod
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d. In 2022, output is near potential, but prices are high. The Fed tightens the money supply in response. i. Demonstrate

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d. In 2022, output is near potential, but prices are high. The
Fed tightens the money supply in response.
i. Demonstrate what happens in the short run.
ii. Demonstrate what will happen in the long run according to
the automatic mechanism.
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