Structure of the DD-AA model


Structure of the DD-AA model 

Briefly describe the structure of the DD-AA model presented in chapter 17!

In your own words, explain DD and AA curve and the resulting equilibrium. Specifically, describe why the two curves are upward or downward sloping; what the main factors are shifting these curves; characterize the equilibrium at the intersection of the two curves; and discuss the effects of monetary and fiscal policy. (You can focus throughout on the short run.)

You might write about 500 words. Be precise; pay attention to grammar and style. Sloppy submissions will earn zero credit! After you submit and after the due date, you will be assigned to peer review other contributions. DD-AA
DD-AA
Criteria Ratings Pts
Description of DD curve
Full Marks
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No Marks
0 pts Edit rating
2.5 pts
Description of AA curve
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No Marks
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2.5 pts
Equilibrium, and monetary and fiscal policy
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No Marks
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3.5 pts
Overall: Clarity, grammar, style.
Full Marks
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No Marks
0 pts Edit rating
1.5 pts
Total Points: 10

Book name; International Economics: Theory and Policy, 9th edition. by Paul R. Krugman, Maurice Obstfeld

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