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Graph 2: National Economy Price Level AS AD Real GDP Assume that the 20X4 national income equilibrium is currently below the full employment level Yf.

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Graph 2: National Economy Price Level AS AD Real GDP Assume that the 20X4 national income equilibrium is currently below the full employment level Yf. On Graph 2 e. Show the combined effect of decreased export receipts due to decreased tourist numbers and decreased consumption spending. (Use a Blue pen to show this change) f. Show an increase in AD that will result in an inflationary gap. Clearly label this gap (IG). (Use a Red pen to show this change

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