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Figure 33-12 ​ ​

Question 138

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Figure 33-12
​ Figure 33-12 ​ ​ -Refer to Figure 33-12. Suppose the economy starts at P<sub>3</sub> and Y<sub>2</sub>. If there is a decrease in government purchases, identify the price and output levels that the economy would move to in the short run. ​
-Refer to Figure 33-12. Suppose the economy starts at P3 and Y2. If there is a decrease in government purchases, identify the price and output levels that the economy would move to in the short run.

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