LRAS Price level SRAS P3 с PA A P2 B AD1 AD Yp Y, Real GDP per year Refer to the above graph. The economy is initially a
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Refer to the above graph. The economy is initially at output level Y1. To close the output gap with fiscal policy, policymakers should A raise interest rates. B. increase government spending. С raise sales tax to encourage savings. D loosen environmental regulations to lower production costs.