Homework Help: Economics

Posted by Steph on Sunday, October 24, 2010 at 2:56pm.

Can someone help me with this question..Pleaseeee!!

Suppose a government moves to reduce a budget deficit. Using the long-run model of the economy developed in Chapter 3, graphically illustrate the impact of reducing a government's budget deficit by reducing government purchases. Be sure to label: i. the axes, ii. the curves; iii. the initial equilibrium values; iv. the direction curves shift; and v. the terminal equilibrium values

Economics - 007, Thursday, October 28, 2010 at 12:12am
Haha, I'm stuck on this one too.

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