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Crowding Out 4. Describe how the concept of Crowding Out explains how the implementation of a specific fiscal policy decision could have a smaller impact than macroeconomic theory tells us it should. Aggregate Production Function 5. Draw the aggregate production function. Explain the difference between movement along the curve and a shift in the curve. Be sure to explain what causes movement along the curve and a shift in the curve. Fiscal and Monetary Policy 6. Draw an AS-AD model of an economy suffering from unemployment. What is one fiscal policy and one monetary policy that can be implemented to close this gap? Draw the effect of either policy