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I'OI' tne reqmrements 0T \""5 aSSIgnment, you are requnreo to: Use an aggregate demand and supply diagram to illustrate and explain how each of the following will affect the equilibrium price level and the real GDP. Describe and analyze the new situation (inflationary gap, recessionary gap, stagflation). How should the situation be rectified in order to return to full employment? 0 Consumers expect a recession 0 Foreign income rises Foreign price levels fall Government spending increases Workers expect high future inflation and negotiate higher prices now Technological improvement increase productivity Your assignment must be comprised of the following sections: 0 Cover page and table of contents. 0 Introduction 0 Main body of the report (essay content, graphs for each of the above points indicating the new situation and review of literature. All the elements that are included in the report must be adequately analyzed and supported with material that is properly cited, paraphrased and referenced from a wide variety of external sources). 0 Conclusions (bring together your main points, address the main points as indicated above and adequately summarize the findings of your assignment