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assume the economy of Mongolia is in a long run equilibrium with full employment draw a correctly labeled graph of SRAS, LRAS, and AD Assume
assume the economy of Mongolia is in a long run equilibrium with full employment
- draw a correctly labeled graph of SRAS, LRAS, and AD
- Assume there is an increase in consumer spending in Mongolia. On your graph in part A, show the effect this will have on the equilibrium in the short run
- what two fiscal policy options does the federal government have to fix the market imbalance? Explain how this would affect the economy
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