Econland is a country with a low GDP and a poor standard of living. Politicians and policymakers in that country want to achieve long-run economic growth to help their country come out of poverty. One policymaker suggests cutting taxes and increasing money supply because that increases GDP. Can these policies help Econland in its goal of achieving long-run growth? Justify your answer with the help of a graph.

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The Answer of Econland is a country with a low GDP and a poor standard of living. Politicians and policymakers in that country want to achieve long-run economic growth to help their country come out of poverty. One policymaker suggests cutting taxes and increasing money supply because that increases GDP. Can these policies help Econland in its goal of achieving long-run growth? Justify your answer with the help of a graph.

Econland Is a Country with a Low GDP and a Poor