Question
Consumer confidence increases, and the economy is overheating. To prevent the economy from overheating, the government conducts a contractionary fiscal policy. Draw an AD-AS graph
Consumer confidence increases, and the economy is overheating. To prevent the economy from overheating, the government conducts a contractionary fiscal policy.
Draw an AD-AS graph to show the impacts of the contractionary fiscal policy.
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Economics of Strategy
Authors: David Besanko, David Dranove, Mark Shanley, Scott Schaefer
6th edition
978-1118273630, 111827363X, 978-1118319185
