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11. Consider these statistics for a particular country (it's not the US!) 2019 2022 _lnmlm_ $20.000 $23 000 7 Consumer Price Index a. Is this
11. Consider these statistics for a particular country (it's not the US!) 2019 2022 _lnmlm_ $20.000 $23 000 7 Consumer Price Index a. Is this economy in a recession or in an expansion in 2022 (compared to 2019)? Justify your answer carefully and completely, being sure to incorporate each piece of information into your assessment. In order to fully answer this question, you will have to make at least one calculation you must show all the steps in that calculation. If you require additional information to complete your assessment, state what that additional information is and why you require it. Even if you require additional information, you must explain what shape the economy is in "now" compared to "then." b. according to the Classical View of Economics, what would happen in this situation? How would that happen? What would be the result? c. according to John Maynard Keynes, what caused the economy to be in this situation? According to Keynes, what would happen to change it
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