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Consider an economy that is running an inflationary GDP gap of $ 499 million. A. Sketch this economic situation in a graph showing where the

Consider an economy that is running an inflationary GDP gap of $ 499 million.

A. Sketch this economic situation in a graph showing where the aggregate demand and aggregate supply intersect to create the inflationary GDP gap. [25 pts.](please draw and label the graph with values on both axis)

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