I have a question regarding the last graph which represents the output in different points in time: does the output from t1 to t2 drops even more? From the graph on the left it looks like y2 is greater than y1, so y2 is closer to the long-run output than y1
I have a question regarding the last graph which represents the output in different points in time: does the output from t1 to t2 drops even more? From the graph on the left it looks like y2 is greater than y1, so y2 is closer to the long-run output than y1
Thanks!
thank you, very helpful
Thank you!!