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In the basic model that includes the AD and LRAS curves only, a shock that reduces the velocity of money by 2 percentage points causes:
Ganglion Cells
Neurons located in the retina that receive visual information from photoreceptors and transmit it to the brain via the optic nerve.
Axons
Long, slender projections of nerve cells (neurons) that transmit electrical impulses away from the neuron's cell body.
Ganglion Cells
Neurons located in the retina that receive visual information and transmit it to the brain.
Optic Nerve
A paired nerve that transmits visual information from the retina to the brain.
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