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With diagrams plz I In 2008 the Central Bank of U.S. was concerned about the possibility that the United States was moving into an

With diagrams plz

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I " In 2008 the Central Bank of U.S. was concerned about the possibility that the United States was moving into an recessionary gap, and it adopted a expansionary monetary policy as a result. I Draw a fourpanel graph showing this policy and its expected results. In Panel (a), use the model of aggregate demand and aggregate supply to illustrate an economy with an recessionary gap. : I In Panel (b), show how the Fed's policy will affect the market ' for bonds. I_ In Panel (c), show how it will affect the demand for and supply of money. I In Panel (d), show how it will affect the exchange rate. I Finally, return to Panel (a) and incorporate these developments into your analysis of aggregate demand and aggregate supply, and show how the Fed's policy will affect real GDP and the price level in the short run. 38

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