Explain how does this change in policy alter the response

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A 30 in piece of string is cut into two pieces. One piece is used to form a circle and the other to form a square. How should the string be cut so that the sum of the areas is a minimum?

The central bank new head decides to increase the response of interest rates to inflation. Explain how does this change in policy alter the response of the economy to a supply shock?

Reference no: EM1356889

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