Specify whether expansionary or contractionary fiscal policy would seem to be most appropriate in response to each situation below and sketch a diagram using aggregate demand and aggregate supply...


Specify whether expansionary or contractionary fiscal policy would seem to be most appropriate in response to each situation below and sketch a diagram using aggregate demand and aggregate supply curve to illustrate your answer.


1.) A rise in the natural rate of unemployment


2.) Rising inflation



Jun 08, 2022
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