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1. Draw an LRAS curve that illustrates a recessionary gap. Label the full-employment level of output on the graph. SRAS PRICE LEVEL PL1 .........m. AD
1. Draw an LRAS curve that illustrates a recessionary gap. Label the full-employment level of output on the graph. SRAS PRICE LEVEL PL1 .........m. AD Y1 REAL GDP
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