The following two graphs show economies which are not at their Long Run equilibrium. Explain, for both cases, what type
Posted: Sun Jun 05, 2022 11:22 am
The following two graphs show economies which are not at their Long Run equilibrium. Explain, for both cases, what type of fiscal policy the government should put in place to return the economy back to its long run equilibrium P P E 4* As ·AD Recessionary gap 1- Illustrate the appropriate change from fiscal policy (stabilizers) 2- Explain the change (in writing) Expansionary gap * JPB St. AD