Name (Print): Course: AS/AD Draw a macro equilibrium using AD/AS. Clearly label all important points on your graph. Show how an expansionary Fiscal Policy affects the equilibrium price level and GDP. What can be said about the trade off between inflation and unemployment in this model?

Name (Print): Course: AS/AD Draw a macro equilibrium using AD/AS. Clearly label all important points on your graph. Show how an expansionary Fiscal Policy affects the equilibrium price level and GDP. What can be said about the trade off between inflation and unemployment in this model?

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter15: Macroeconomic Viewpoints: New Keynesian, Monetarist, And New Classical

Section: Chapter Questions

Problem 4E

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Question

Group Work AS, AD, Money, Government, International Trade, International Exchange
Rates, Fiscal and Monetary Policy.
(Show all your work)
Name (Print):
Course:
AS/AD
Draw a macro equilibrium using AD/AS. Clearly label all important points on your graph.
Show how an expansionary Fiscal Policy affects the equilibrium price level and GDP.
What can be said about the trade off between inflation and unemployment in this model?

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