Question: 21. 22 23. 24. 25. A) Using the AS_AD model illustrate the COVID 19 recessionary gap assuming it was caused by a supply shock. B)

21. 22 23. 24. 25. A) Using the AS_AD model illustrate

21. 22 23. 24. 25. A) Using the AS_AD model illustrate the COVID 19 recessionary gap assuming it was caused by a \"supply shock.\" B) Using the AS_AD model illustrate the COVID 19 recessionary gap assuming it was caused by a \"demand shock.\" List the three primary scal-response bills to the COVID Pandemic, including the approximate size, month/year passed, and central components. How were these spending bills nanced? Relative to annual federal tax revenue, what is the size of these three bills combined? A) How would you describe the Federal Government scal response to the COVID pandemic 'om March 2020 through March 2021? B) In terms of closing the recessionary gap, do you think $1.9 trillion ARP spending bill was necessary? Why of why not

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