In AD/AS analysis, fiscal policy affects the economy through:OA. Both the AS and AD curves.B. The AS curve.C. The AD curve.D. Neither the AS nor the AD curves.O E. Fiscal policy doesn't affect the economy in AS/AD analysis.

The economy's output is not always at the potential level in the short run causing some adverse…

In AD/AS analysis, fiscal policy affects the economy through: OA. Both the AS and AD curves. OB. The AS curve. O C. The AD curve. O D. Neither the AS nor the AD curves. E. Fiscal policy doesn't affect the economy in AS/AD analysis.

In AD/AS analysis, fiscal policy affects the economy through: OA. Both the AS and AD curves. OB. The AS curve. O C. The AD curve. O D. Neither the AS nor the AD curves. E. Fiscal policy doesn't affect the economy in AS/AD 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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Question

In AD/AS analysis, fiscal policy affects the economy through:
OA. Both the AS and AD curves.
B. The AS curve.
C. The AD curve.
D. Neither the AS nor the AD curves.
O E. Fiscal policy doesn't affect the economy in AS/AD analysis.

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