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Hi, can you help me with this question? Consider an economy where the level of production (Y) is not at the natural level (Yn), that
Hi, can you help me with this question?
Consider an economy where the level of production (Y) is not at the natural level (Yn), that is, an economy in which YYn. Using the AS/AD model, explain what will happen next and suggest a monetary and/or a fiscal policy to adjust output and analyse the effect of this policy on price level and employment.
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