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\"The market has a way of repeating history regularly. with triggers for the narrative always slightly different, but the moral of the story almost always the same. So. it seems. given the recent curyeball by the Fed at last week's F OMC meeting. the yield curve has gone from one of steepening to attening. In the past. this action has tended to lead to worries of a potential recession.\" Is it Already Time to Think About a (LS. Recession? By Michaei Kramer, Market Overview, Jim 25, 2021'. a) From the excerpt above. assume that the United States economy is (15 Marks) currently in the long run equilibrium. Using the ADAS model. briey discuss how recession move the curves in the short run and in the long run. Clearly label the curves. b) Explain business response towards recessionary pressures in the (10 Marks) economy