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Consider an economy that has the following aggregate demand and aggregate supply (AD/AS) schedules. (A) State the stage of the business cycle this economy is

Consider an economy that has the following aggregate demand and aggregate supply (AD/AS) schedules.

(A) State the stage of the business cycle this economy is currently in, and comment on the levels of unemployment and inflation for this economy.

(B) Would you recommend the government implement expansionary or contractionary fiscal policy?

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