Elucidate causes lags in effect of monetary

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Q. Elucidate causes lags in effect of monetary and fiscal policy on aggregate demand? what are the implications of these lags for the debate over active versus passive policy?

Q. "Firm A is the dominant firm in a market where industry demand is given by QD= 48 - 4P. There are four "follower" firms, each with long run marginal cost given by MC= 6 + QF. Firm A's long run marginal cost is 6."

Reference no: EM1358709

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