ncreased government spending spurs a short-run expansion. Over time, aggregate supply eventually __, returning the economy to the full-employment level of output. In this new long-run equilibrium, the distribution of _ in the economy changes.

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14-06-2022
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ncreased government spending spurs a short-run expansion. Over time, aggregate supply eventually __, returning the economy to the full-employment level of output. In this new long-run equilibrium, the distribution of _ in the economy changes.

Respuesta :

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abiolataiwo2015 abiolataiwo2015 · Answer 1 · 2022-06-27T19:28:14+02:00

If increased government spending spurs a short-run expansion. The statement that complete the gap is: Shifts to the left, Output endresources.

What is aggregate supply?

Aggregate supply can be defined as the overall amount of goods and service that a firm intend to produce and supply at a point in time or at a particular period of time.

If an increase in government spending lead to short run expansion this means that there will be shift in aggregate supply of goods and service as aggregate supply will tend to shift to the left.

Therefore the statement that complete the gap is: Shifts to the left, Output endresources.

Learn more about aggregate supply here:https://brainly.com/question/11889136

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ncreased government spending spurs a short-run expansion. Over time, aggregate supply eventually __________, returning the economy to the full-employment level of output. In this new long-run equilibrium, the distribution of _________ in the economy changes.

Respuesta :

What is aggregate supply?

Otras preguntas

ncreased government spending spurs a short-run expansion. Over time, aggregate supply eventually __, returning the economy to the full-employment level of output. In this new long-run equilibrium, the distribution of _ in the economy changes.