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A Keynesian economist who observes a negative output gap (i.e., AS-AD intersection to the left of the full employment level of output) would conclude that O the aggregate demand should be shifted to the right O a policy of deregulation would be better than demand management policy the aggregate supply should be shifted to the right O All proposed answer options are correct

A Keynesian economist who observes a negative output gap (i.e., AS-AD intersection to the left of the full employment level of output) would conclude that O the aggregate demand should be shifted to the right O a policy of deregulation would be better than demand management policy the aggregate supply should be shifted to the right O All proposed answer options are correct

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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A Keynesian economist who observes a negative output gap (i.e., AS-AD intersection to the left of the full employment level of output) would conclude that O the aggregate demand should be shifted to the right O a policy of deregulation would be better than demand management policy the aggregate supply should be shifted to the right O All proposed answer options are correct
Transcribed Image Text:A Keynesian economist who observes a negative output gap (i.e., AS-AD intersection to the left of the full employment level of output) would conclude that O the aggregate demand should be shifted to the right O a policy of deregulation would be better than demand management policy the aggregate supply should be shifted to the right O All proposed answer options are correct
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