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I. Assume that the Brazilian economy is currently producing below the potential real GDP level of output with a balanced budget. a. Draw a correctly

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I. Assume that the Brazilian economy is currently producing below the potential real GDP level of output with a balanced budget. a. Draw a correctly labeled ADAS model with each of the following components: i. Current output and price level, labeled as Y, PL, respectively ii. Full-employment output, labeled as Y

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