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Draw the Keynesian income-expenditure model of the economy showing the equilibrium level of real GDP above the full employment level of output. How could the government use fiscal policy to return the

Draw the Keynesian income-expenditure model of the economy showing the equilibrium level of
real GDP above the full employment level of output. How could the government use fiscal policy to
return the unemployment rate back to its “natural” level? Show this diagrammatically.

Apr 13 2021 View more View Less

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