Suppose that the Keynesian approach to fiscal policy has some merit. Consider the following figure for an

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Suppose that the Keynesian approach to fiscal policy has some merit. Consider the following figure for an economy that was initially in a long-run equilibrium (Po, Yo): PA LRAS SRASD Po - - P1 - - - ADO AD Y1 Yo Real GDP Which of the following was most likely to have caused the economy to end up in a short-run equilibrium (P1,Y1)

Posted Date: Jun 21, 2024 09:01 AM

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Suppose that the Keynesian approach to fiscal policy has some merit. Consider the following figure for an

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