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0.3 Assume that the economy is in the short run. Please write down the scal policies needed in each cue and interpret AD/AS graphs to

0.3 Assume that the economy is in the short run. Please write down the scal policies needed in each cue and interpret AD/AS graphs to predict the impact of each of these policies on equilibrium output (GDP) and price level. i) The economy is in recession. 9 ii) The economy has an inationary gap. P ...-u

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