How government attempt to influence longrun aggregate supply, Macroeconomics

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How government attempt to influence longrun aggregate supply

Problem

1. Using appropriate AD-AS diagrams explain how (a) a deflationary gap (b) an inflation-ary gap may occur.

2. How might governments attempt to influence long-run aggregate supply and there-fore potential GDP?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: How government attempt to influence longrun aggregate supply

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Macroeconomics: How government attempt to influence longrun aggregate supply

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