Assume that you are the economics expert with the KAB Consulting tnam and are tuskad with analyzing the following scenario. Assume that you are starting from a position of full - employment macroeconomic equilibrium. Using the macroeconomic model, FULLY explain the short run economic impact on Canada of the following event ( ceteris paribus ) within the context of the AD - AS model. To deal with the huge federal government deficit debt and debt, respectively projected to be 5 2 . 8 billion and 1 , 2 1 3 . 7 trillion for the fiscal year ending March 3 1 , 2 0 2 3 ) , the federal govemment cuts program spending