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please answer this question short answer please. Urgency Use the diagram below to answer the following questions: Assume the economy begins at A5.) = AD.)

please answer this question short answer please. Urgency

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Use the diagram below to answer the following questions: Assume the economy begins at A5.) = AD.) Economy of Ashenvale E 1. ................... E jlkglqlolllll III-Illlllllllllllll 0') I E; 1.2 5 E ADD 3 i 2.000 4,000 6,000 8,000 10,000 Real GDP m a} The economy is currently experiencing type of \"gap\"? {1 Mark} b] what is the size ofthe "gap"? [1 Mark} c} what would you expect to happen to unemployment if equilibrium is at E0? [1 Mark} d] what would happen to wages at E0? {1 Mark] e} Due to the changes is wages, how would this impact producerslsuppliersz Marks} and how does this impact the diagram above? [2 Marks} f} If government did not want to wait for a free market solution to return to potential GDP, what is the name for the polio}:r that could be taken by the government?[1 Mark} g} How would this government policy impact the diagram above? {2 Marks}

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