1.

Draw and properly label an AD-AS model to show Keynesian, intermediate, and

neoclassical zones(6%). Then, brieflyexplainthe levels of unemployment, inflation

and real GDP in each zone, and confirm whether or not goals of a macroeconomy is

being achieved in each zone.(14%)

2.

Draw and properly label the AD-AS graphs or one graph to show recessionary and

inflationary gaps(6%).Then,discussin detail howKeynesianssuggest recessionaryandinflationarygaps be closed.(16%)

3.

Draw and properly label AD-AS graphs or one graph to show recessionary and

inflationary gaps(6%).Then,discussin detail howKeynesianssuggest

discussin detail howneoclassicalssuggestrecessionaryandinflationarygaps be closed.(16%)