We reviewed changes in GDP in class using graphs like the one below. The charts below are missing some key features. Complete the charts below as indicated:

a)THE BUSINESS CYCLE: Label the axes, draw an imagined sample curve over time, and identify expansion, recession, peak and trough parts of the curve. (6 pts)

b)POTENTIAL GDP: show the axes that measure GDP over time, and show generally what Canada's Potential and Real GDP have looked like recently (hint: it must have risen, fallen or done both) (6 pts)