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Suppose the Canadian economy is in a recession. The GDP is at $800 billion, while full-employment GDP is $900 billion. Draw a freehand, properly labeled,

Suppose the Canadian economy is in a recession. The GDP is at $800 billion, while full-employment GDP is $900 billion. Draw a freehand, properly labeled, aggregate demand and aggregate supply diagram to illustrate the recessionary gap that exists.

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