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Please explain to me by your words, i need to understand this clearly. Thanks a lott. 1. Please lists 6 assumptions of the AS/AD Model.

Please explain to me by your words, i need to understand this clearly. Thanks a lott.

1. Please lists 6 assumptions of the AS/AD Model.

2. "automatic stabilizers" of fiscal policy. Please explain how these stabilizers work to smooth out fluctuations in the business cycle. In your example, be sure to describe how both government income and expenditures are affected in both an upturn and a downturn.

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