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Economics Suppose in 2020 the US economy was in a short run equilibrium below full employment, such that GDP was $18 trillion and the GDP

Economics

Suppose in 2020 the US economy was in a short run equilibrium below full employment, such that GDP was $18 trillion and the GDP price Index was 235. Recent policy in the form of government spending increases and tax decreases will increase aggregate spending. Depict this in the AD-AS framework. How will the unemployment rate compare to the natural rate of unemployment?

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