Describe short run-medium run using as-ad and is-lm model


Suppose that the economy is currently at the full employment position. Using the AS-AD and IS-LM models explain the short run and medium run impacts of a decrease in budget deficit. Be sure to explain the shifts of the curves and the dynamic adjustment of the economy.

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Microeconomics: Describe short run-medium run using as-ad and is-lm model
Reference No:- TGS0513514

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