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1. Below are two graphs that show an economy in disequilibrium. Fill in the table below each graph to describe the changes that will result

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1. Below are two graphs that show an economy in disequilibrium. Fill in the table below each graph to describe the changes that will result from either allowing the economy to adjust on its own or having the government follow a contractionary or expansionary fiscal policy. AS LRAS AD RGDP Action taken Curve shift P RGDP Allow economy to adjust Conduct contractionary fiscal policy P AS LRAS AD RGDP Action taken Curve shift P RGDP Allow economy to adjust Conduct expansionary fiscal policy

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