9 an article in the wall street journal stated that japan s cabinet ap
9. An article in the Wall Street Journal stated that "Japan's cabinet approved a government stimulus package that includes¥7.5 trillion ($73 billion) in new spending, in the latest effort by Prime Minister Shinzo Abe to jump-start the nation's sluggish economy.
"Source: Mitsuru Obe, "Japan's Shinzo Abe Fires Stimulus Gun, Again," Wall Street Journal, August 2, 2016.
Consider an aggregate demand and aggregate supply graph that shows where the Japanese government expects the economy to be without the stimulus package.The short-run equilibrium will be where
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