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Chrome File e Edit View History Bookmarks People b Window Help 95OF 3480rpm 100% [ZZ Sun Apr 25 11:06:51 AM Monique Dinky Q OE .... MindTap - Cengage Learning X C 3. Changes In The Money SIX Homework Help - Q&A from X G screenshot on mac - Google X Settings X + O C ng.cengage.com/staticb/ui/evo/index.html? deploymentld=5981411816101690856962438939&eISBN=9780357133576&id=1021766972&snapsh... Paused . .. Monique v CENGAGE | MINDTAP Q Search this course ? My Home Homework (Ch 34) X Courses 7. Use of discretionary policy to stabilize the economy Catalog and Study Tools Should the government use monetary and fiscal policy in an effort to stabilize the economy? The following questions address the issue of how monetary and fiscal policies affect the economy, and the pros and cons of using these tools to combat economic fluctuations. A-Z Partner Offers The following graph shows a hypothetical aggregate demand curve (AD), short-run aggregate supply curve (AS), and long-run aggregate supply curve Rental Options (LRAS) for the U.S. economy in May 2023. College Success Tips Suppose the government decides to intervene to bring the economy back to the natural level of output by using policy. Career Success Tips ? Help Depending on which curve is affected by the government policy, shift either the AS curve or the AD curve to reflect the change that would successfully restore the natural level of output. Give Feedback ?) bongo 150 O AS 130 AD At 10 AS PRICE LEVEL VI 90 O AD 70 25 P X N O W L Pr PS Aid IC Fl Ai DW ONEChrome File e Edit View History Bookmarks People b Window Help 97OF 3480rpm 100% ZZ Sun Apr 25 11:06:54 AM Monique Dinky Q OE .... MindTap - Cengage Learning X C 3. Changes In The Money SIX Homework Help - Q&A from X G screenshot on mac - Google X Settings X + O C ng.cengage.com/staticb/ui/evo/index.html?deploymentld=5981411816101690856962438939&elSBN=9780357133576&id=1021766972&snapsh... Paused . .. Monique v CENGAGE | MINDTAP Q Search this course ? My Home Homework (Ch 34) X Courses ? Catalog and Study Tools 150 Do A-Z Partner Offers O AS Rental Options AD 130 College Success Tips Career Success Tips 110 AS PRICE LEVEL ? Help 90 Give Feedback AD 70 bongo LRAS 50 20 22 24 26 28 30 OUTPUT (Trillions of dollars) Suppose that in May the government undertakes the type of policy that is necessary to bring the economy back to the natural level of output in the A+ preceding scenario. In September 2023, U.S. imports increase because the United States has eliminated trade restrictions on French goods. Because of the associated with implementing monetary and fiscal policy, the impact of the government's new policy will likely once the effects of the policy are fully realized. Grade It Now Save & Continue 25 P X N O W L Pr PS A ld Ic Fl Ai DW OHOH
