Early during the COVID-19 pandemic, the government used multiple stimulus packages to increase government spending. 3. Using the Z-Y, NX-Y, IS-LM, UIP combined graph on the next page, what should be happening as a result? Show the shifts on the graph itself. NN Z Z NN Y=Z Z c0- if f UI i pvt L M c1T+I+G+NX i10 y 45° if f if NK N Y Y f 0 Y X Y 0 Y 0 Y 20 NX N X E 0 E Y NX Fiscal stimulus

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Early during the COVID-19 pandemic, the government used multiple stimulus packages to increase government
spending.
3. Using the Z-Y, NX-Y, IS-LM, UIP combined graph on the next page, what should be happening as a result?
Show the shifts on the graph itself.
NN
Z
Z
NN
Y=Z
Z
c0-
if
f
UI
i pvt
L
M
c1T+I+G+NX
i10
y
45°
if
f
if
NK
N
Y
Y
f
0
Y
X
Y
0
Y
0
Y
20
NX
N
X
E
0
E
Y NX
Fiscal stimulus
Transcribed Image Text:Early during the COVID-19 pandemic, the government used multiple stimulus packages to increase government spending. 3. Using the Z-Y, NX-Y, IS-LM, UIP combined graph on the next page, what should be happening as a result? Show the shifts on the graph itself. NN Z Z NN Y=Z Z c0- if f UI i pvt L M c1T+I+G+NX i10 y 45° if f if NK N Y Y f 0 Y X Y 0 Y 0 Y 20 NX N X E 0 E Y NX Fiscal stimulus
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