Figure 33-17.
Refer to Figure 33-17. Suppose the economy starts at P3 and Y2. Explain how government purchases would need to change to move the economy to P2 and Y1. What about taxes?

Question

Figure 33-17. 
Refer to Figure 33-17. Suppose the economy starts at P3 and Y2. Explain how government purchases would need to change to move the economy to P2 and Y1. What about taxes?

Quizplus · Accepted Answer

The Answer of Figure 33-17. 
Refer to Figure 33-17. Suppose the economy starts at P3 and Y2. Explain how government purchases would need to change to move the economy to P2 and Y1. What about taxes?

Figure 33-17. Refer to Figure 33-17. Suppose the Economy Starts at P3