Suppose that in April 2023, policymakers undertake the type of policy that is necessary to bring the economy back to the natural level of output, given the scenario just described. In June 2023, exports decrease because Japan implements trade restrictions on goods. Because of the _ associated with implementing monetary and fiscal policy, the impact of the policymakers' stabilization policy will likely _______________ once the effects of the policy are fully realized.

Suppose that in April 2023, policymakers undertake the type of policy that is necessary to bring the economy back to the natural level of output, given the scenario just described. In June 2023, exports decrease because Japan implements trade restrictions on goods. Because of the LAGS associated with implementing monetary and fiscal policy, the impact of the policymakers' stabilization policy will likely to push the economy below the poverty line once the effects of the policy are fully realized.

aliasger2709 aliasger2709 · Answer 2 · 2021-12-08T12:38:02+01:00

When a certain level of taxation, restrictions, interest rates and barriers are imparted on trade deals and activities by the government then it is called economic policy.

The correct answer for the blanks are:

Blank 1: LAGS

Blank 2: to push the economy below the poverty line

LAGS is the period of time used by the administration or the bank to counter while the state of economical collapses.

It is the lag in achieving the financial or the fiscal strategies.

The economy during these situations will be below the poverty limit.

To learn more about LAGS and the economical crisis follow the link:

https://brainly.com/question/6570392