Question: Part 1 - Draw It- Draw a correctly labeled AS/AD graph and a correctly labeled Phillips curve graph showing an economy with a recessionary gap.

Part 1 - Draw It- Draw a correctly labeled AS/AD graph

Part 1 - Draw It- Draw a correctly labeled AS/AD graph and a correctly labeled Phillips curve graph showing an economy with a recessionary gap. Label the initial equilibrium on both graphs point "A&quot

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