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Macroeconomic equilibrium: Pick an example of a contractionary fiscal policy and explain the effects of such a policy. Analyze the effects of such a policy
Macroeconomic equilibrium:
- Pick an example of a contractionary fiscal policy and explain the effects of such a policy.
- Analyze the effects of such a policy on the macroeconomic equilibrium. Use a graphical presentation to explain the Long-Run effects of such a negative demand shock
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