A if large budget deficits cause the public to think there, Ask an Expert

Economics

a) If large budget deficits cause the public to think there will be higher inflation in the future, what is likely to happen to the short-run aggregate supply curve when budget deficits rise? Why?

b) If the dollar decreases in value relative to foreign currencies so that foreign goods become more expensive in the U.S., what will happen to the position of the (Keynesian) aggregate demand curve?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91674859

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