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Part 3 - Bringing It All Together For each of the following. assume aggregate output = $500 billion, potential output = $750 billion, and the

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Part 3 - Bringing It All Together For each of the following. assume aggregate output = $500 billion, potential output = $750 billion, and the marginal propensity to consume (MP0) is 0.8 9. Draw a correctly labeled AS/AD model reecting the current state of the economy. Label the price level, PL1. 10. What is the least amount of government spending that could achieve full employment? Show your work. 11. Show the result of the government spending on the graph. Label the new price level, PL2

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