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please draw the figureI'm confused because I drew one by myself and Ye=Yf so what is this situation....full of employment?? 12 a) On the axes

please draw the figureI'm confused because I drew one by myself and Ye=Yf so what is this situation....full of employment??

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12 a) On the axes below, draw AS and AD curves to show the economy operating at a level of real GDP below full employment, labelling the recessionary gap. Also label the equilibrium price level PL, and real GDP Y,. Price level Real GDP b) On your diagram, show the effect on the economy of income tax cuts and an increase in the productivity of the workforce. Label the equilibrium price level PL, and real GDP Y,. Make sure PL, is at a higher price level than PL. c) State what has happened to the recessionary gap identified in a)

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