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Part 2 - Put It Together- The graph below shows the percent change in Real GDP for the US between 2005-2013. Use the graph to

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Part 2 - Put It Together- The graph below shows the percent change in Real GDP for the US between 2005-2013. Use the graph to answer the following questions. FRED - Bal Con Dominitic Product 2.5 Percent Change from Proceding Period -10.0 2006 2007 2008 2000 2010 2011 2012 5. Draw aggregate demand (AD), aggregate 6. Draw the short run Phillips curve (SRPC) supply (AS), and long-run aggregate and long-run Phillips curve (LRPC) for the (LRAS) for the year 2009. Label price year 2009. Label a point on your graph "A" level PL,, the output Y,, and the that represents the state of the economy in full-employment output Y F. 2009. 7. The American Recovery and Reinvestment Act (ARRA) was passed in February 2009. Show the intended result of the ARRA on both the AD/AS model and the Phillips curve model. On the AD/AS model, label the new price level PL, and the output, Y. . On the Phillips curve, label the state of the economy point "B"

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