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Using the graph here answer the following questions via a word answer: 1) What type of gap is displayed here 2) If the economy
Using the graph here answer the following questions via a word answer: 1) What type of gap is displayed here 2) If the economy was left alone for market forces to fix this gap, what curve would shift and in which direction with what result in price level? 3) If the government stepped in to fix this gap with either fiscal or monetary policy, what curve would they shift and in which direction with what result in price level?
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