Use the IS-LM model to explain how a government could offset an adverse demand shock without raising interest rates. Why would the government want to respond to an adverse shock in this way ? Analyse and explain their actions from both a medium-term and long-term perspective.
我有点不懂关于medium-term和long-term perspective的区别,有大大能稍微指点下吗?多谢了如果可以的话能列一下关于这个问题的参考书目或者相关章节吗,想再仔细看看...Thanks!