expansionary fiscal policy to shift aggregate demand in Panel (a) Price level P P Use Figure:...
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expansionary fiscal policy to shift aggregate demand in Panel (a) Price level P₂ P₁ Use Figure: Fiscal Policy Choices. It would be appropriate to use from Panel (b) Price level SRAS *** AD₂ AD₁ Real GDP Y1 Yp panel (b); AD1 to AD2 panel (a); AD2 to AD1 panel (a); AD1 to AD2 panel (b); AD2 to AD1 Yp Y₁ SRAS AD₁ AD₂ Real GDP expansionary fiscal policy to shift aggregate demand in Panel (a) Price level P₂ P₁ Use Figure: Fiscal Policy Choices. It would be appropriate to use from Panel (b) Price level SRAS *** AD₂ AD₁ Real GDP Y1 Yp panel (b); AD1 to AD2 panel (a); AD2 to AD1 panel (a); AD1 to AD2 panel (b); AD2 to AD1 Yp Y₁ SRAS AD₁ AD₂ Real GDP
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