Refer to the Information Provided in Figure 17

question 88

Multiple Choice

Refer to the information provided in Figure 17.2 below to answer the questions that follow. Figure 17.2
-Refer to Figure 17.2. According to the new classical economists, under rational expectations an expected decrease in government spending would

• A) shift AS₁ to the right.
• B) shift AD₁ to the right.
• C) shift AD₁ to the left.
• D) not change AD and AS.

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