Question

In the long run, when the government does nothing, the output in the economy will be $ billion and the price level will be________-

Answer 1

[SHORT ANSWER] lower,




[LONG ANSWER] This depends what is meant by the government not doing anything, if such as they didn't exist? In that case the price level would be lower, we have to pay extra for items, insurance, payments, pretty much everything, as the economy goes up.