The diagram below shows an AD/AS model for a hypothetical economy which is initially in a short-run equilibrium at point A. 
FIGURE 24-7
-Refer to Figure 24-7.The government could close the existing output gap by
Definitions:
Human Capital
The neoliberal idea that each person possesses a set of skills, knowledge, and abilities that he or she is responsible for maintaining and improving so that he or she accumulates more capital (and hence accrues more market value).
Commercial Project
A project undertaken for commercial purposes, focusing on the development and delivery of goods or services for profit.
Neoliberal Worker
An employee who operates within the framework of neoliberalism, often experiencing conditions characterized by flexibility, precarity, and individual responsibility for success.
Entrepreneurial
Pertaining to the initiative and risk involved in starting a new business, marked by innovation, passion, and the drive to succeed.
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