simonphanuel6589 simonphanuel6589
  • 14-02-2022
  • Business
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Assume the economy is in a short-run equilibrium at point L. In the absence of any fiscal or monetary policy actions, what will happen in the long run

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ogorwyne
ogorwyne ogorwyne
  • 24-02-2022

In the absence of any of government policy, the economy is going to return to a long run aggregate supply with time.

The monetary policy of the government

This is the use of fiscal tools by the government in order to ensure that the government of a country has an economy that is sustainable and also growing.

The fact that there is no intervention would end up making the supply curve to move to the right.

Read more on monetary policy here:

https://brainly.com/question/13926715

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