Suppose your candidate wins and the policy is enacted. Draw the change this poli

Question

Suppose your candidate wins and the policy is enacted. Draw the change this policy will cause, also on the graph above. Problem Four: Fill in the blanks and circle the options that complete the following statements for the economy illustrated on the graph. The inflation rate for the economy below is currently percent. GDP is (growing, shrinking) at a rate of Long-un AS qurve SRAS 3 Problem Five: Suppose these are headlines from CNBC-.-Consumer confidence retreats" "US Business Spending Gauge Falls" "Capital good orders are weak "US Trade Deficit widens as exports sag These headlines suggest the curve has shifted which will lead to (higher, lower) GDP growth, and (inflation, disinflation, deflation).

Explanation / Answer

2% where SRAS and AD meet

Growing at 4%

AD curve has shifted downwards, lower

Plase please like answer

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