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The government is undertaking expansionary fiscal policy


The government is undertaking expansionary fiscal policy.

Illustrate how this action affects:

  1. The AD-AS model.
  2. The Phillips curve model.
  3. The IS-LM model.

How will this change impact on

  1. economic activity
  2. the price level
  3. the inflation rate
  4. interest rates
  5. the unemployment rate

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Business Economics: The government is undertaking expansionary fiscal policy
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