Country A is experiencing a recessionary gap. a. Draw a correctly labeled diagram showing this. Use PL and Y for the intersection of AD and SRAS. b. What open market operation could the central bank use to bring the economy back to full employment output? c. The central bank decides to change the reserve requirement ratio. i. Would the reserve requirement ratio be increased or decreased? ii. Explain how this would work to close the recessionary gap. Be sure to include how this affects the money supply, the interest rate, and how the gap is closed. d. Let's say that instead of using monetary policy, the government decides to increase spending. At the same time, they decrease taxes. i. How will this affect the federal budget? ii. Explain how this could cause crowding out