b. Draw two graphs with one showing a recessionary gap and the other showing an inflationary gap. Explain how fiscal policy can be used to close each gap and show the effects of fiscal policy on the graphs. (____/5)

c. Draw another set of graphs showing recessionary gap and an inflationary gap. Explain what happens to both graphs in the long-run without government intervention and show what happens on the graphs. (____/5).