Study with quizlet and memorize flashcards containing terms like when an economy is above full employment, what does it's as/ad graph look like?, if the gov cuts spending by 50b, what. Collegeboard has released two free response sets for 2022 ap economics 2022 frq set 1. Assume a countrys economy is operating below full employment. (a) draw a correctly labeled graph of aggregate demand,. With an expansionary fiscal policy, what will most likely happen to the real gross domestic product (gdp) and the nominal interest rate in the short run?
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