If the economy depicted below decides that unemployment is too great and is at point L, the monetary and fiscal policy in the short run would be: evel AS K AD3 AD2 -Agragak O to shift the curve AD 2 to the left O to shift curve AD 4 to the left O to shift the curve AD 3 to the right O to shift curve AD 2 to the right

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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If the economy depicted below decides that unemployment is too great and is at point L, the goal of
monetary and fiscal policy in the short run would be:
Pvel
AS
AD3
AD 2-
Aggregate
to shift the curve AD 2 to the left
to shift curve AD 4 to the left
O to shift the curve AD 3 to the right
O to shift curve AD 2 to the right
Transcribed Image Text:If the economy depicted below decides that unemployment is too great and is at point L, the goal of monetary and fiscal policy in the short run would be: Pvel AS AD3 AD 2- Aggregate to shift the curve AD 2 to the left to shift curve AD 4 to the left O to shift the curve AD 3 to the right O to shift curve AD 2 to the right
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