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3 Using the Aggregate Demand/Aggregate Supply model (AD/AS), analyse how a policy maker might mitigate the consequences of a negative aggregate demand shock. Illustrate your

3 Using the Aggregate Demand/Aggregate Supply model (AD/AS), analyse how a policy maker might mitigate the consequences of a negative aggregate demand shock. Illustrate your answer by using a specific example and in particular include commentary on the effectiveness of fiscal and monetary policy

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