When the economy is underperforming and policymakers pursue expansionary fiscal policy,they express willingness to trade off _________ output for a ________ price level.

Name: When the economy is underperforming and policymakers pursue expansionary fiscal policy,they express willingness to trade off _________ output for a ________ price level.
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Question

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Expansionary fiscal policy aims to increase output by boosting demand, which can lead to a higher price level due to increased spending and potential inflation.

When the Economy Is Underperforming and Policymakers Pursue Expansionary Fiscal