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Section B Part (12) Consider an economy with the following data and answer the questions a), b) and c) provided below in Part 12. Natural

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Section B Part (12) Consider an economy with the following data and answer the questions a), b) and c) provided below in Part 12. Natural level of output = $560 b Actual level of output = $500 b. a) Using the AD- AS model illustrate how this situation can be represented. Make sure your diagram is fully labelled to reflect all relevant information

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