Demand-supply and prices for goods to increase or decrease

Reference no: EM13686989

How demand and supply forces were affected by the raising of the national debt limit, the sequestering of the budget, and the fiscal cliff. If the Government had not increased the debt ceiling, and sequestered the budget would you expect the demand and supply and prices for goods to increase or decrease? For extra credit construct a production possibilities curve detailing the relationship among guns and butter before and after the debt ceiling was raised.

Reference no: EM13686989

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