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Author Question: Table 16-6 Refer to Table 16-6.Suppose the economy is in the state described by the table above. ... (Read 28 times)

NguyenJ

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Question 1

Use the dynamic aggregate demand and aggregate supply model and start with Year 1 in a long-run macroeconomic equilibrium. For Year 2, graph aggregate demand, long-run aggregate supply, and short-run aggregate supply such that the condition of the economy will induce the president and Congress to conduct expansionary fiscal policy. Briefly explain the condition of the economy and what the president and Congress are attempting to do.



Question 2

Table 16-6









Refer to Table 16-6. Suppose the economy is in the state described by the table above. What problem will occur in the economy if no policy is pursued? What fiscal policy tools could be used to combat the problem? Draw a dynamic aggregate demand and aggregate supply diagram to illustrate the appropriate fiscal policy to use in this situation.



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Marked as best answer by NguyenJ on Mar 16, 2019

ky860224

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NguyenJ

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Reply 2 on: Mar 16, 2019
YES! Correct, THANKS for helping me on my review


bassamabas

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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