Macroeconomics

Price Level At what short-run equilibrium point might expansionary scal policy make sense to help stabilize the economy? What would be the result of appropriate fiscal policy in that case? What would be the long-run result if no fiscal policy action was taken in that case? At what short-run equilibrium point might contractionary scal policy make sense to help stabilize the economy? What would be the result of appropriate fiscal policy in that case? What would be the long-run result if no fiscal policy action was taken in that case