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1. If LRAS = $500 billion, RGDP = $700 billion, and lVIPC = .8, then what should the Fed do? Be specic and list all

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1. If LRAS = $500 billion, RGDP = $700 billion, and lVIPC = .8, then what should the Fed do? Be specic and list all three options. Also draw and label both the current situation and what would occur as the government impacted the economy through their actions

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