Teaching The Liquidity Trap

Users of my favorite intermediate macro textbook volition move familiar alongside the dynamic model of aggregate involve in addition to aggregate supply, which I starting fourth dimension seat into the mass inward the seventh edition. That novel chapter shows the pupil how to comprise a criterion Taylor dominion into business-cycle theory, likewise every bit how to describe the dynamic answer of the economy to various shocks. Instructors who learn that chapter powerfulness move interested inward this novel paper, which shows how to incorporate the zip lower jump into the model.
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