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QUESTION SIX (8 marks) 7. ( LO 4) Use the graph in & Figure 5.31 to illustrate the effect of the Great Depression on the Canadian economy, when prices, production employment all decreased dramatically in the 1930s. (Assume the economy was originally at full-employment equilibrium.) LAS AS Price level AD Real GDP FIGURE 5.31 INSERT DIAGRAM BELOW and explain: MANUAL DRAWINGS NOT ACCEPTED

QUESTION SIX (8 marks) 7. (LO 4) Use the graph in Figure 5.31 to illustrate the effect of the Great Depression on the Canadian economy, when prices, production, employment all decreased dramatically in the 1930s. (Assume the economy was originally at full-employment equilibrium.) Price level FIGURE 5.31 INSERT DIAGRAM BELOW and explain: MANUAL DRAWINGS NOT ACCEPTED LAS Real GDP AS AD