evryday1438 evryday1438

19-12-2022
Business

Answered

The economy of Mayberry is currently in equilibrium at point A on the graph at right. Prince Barney of Mayberry has decided that he wants the economy to grow, and has ordered the Royal Central Bank of Mayberry to print more currency so banks can expand their loans to stimulate growth." Move the cursor on the graph at right to the new long-run equilibrium point. AS long run) AS 1 (short run) Price level, P 2 C AS2 (short run) P1 PO A ADA AD2 YO Y1 Y2 Aggregate output (income), Y

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