Now assume instead that there is no fiscal policy action. Will the short-run Phillips Curve shift to the right, shift to the left, or remain the same over time? Explain.
Assume that the current
A. Draw a singly correctly labeled graph with both the long run
B. Identify a specific fiscal policy action that would bring the economy to full employment.
C. Draw a correctly labeled graph of the loanable funds market, and show the effect of the fiscal policy from Part B on the real interest rate in the short run.
D. Now assume instead that there is no fiscal policy action. Will the short-run Phillips Curve shift to the right, shift to the left, or remain the same over time? Explain.
Note: Please answer just Alphabet D. Thank you
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