Question: Q19 19a) Explain what are automatic stabiliser using ONE example of an automatic stabiliser (4 marks). 19b) Economy is at point A as shown

Q19 19a) Explain what are automatic stabiliser using ONE example of an

Q19 19a) Explain what are automatic stabiliser using ONE example of an automatic stabiliser (4 marks). 19b) Economy is at point A as shown in the diagram below. If the government increases its spending by $100, explain the effect of this increase in the short run and in the long run. (6marks) Price level PA B LRAS C D G EL F EL AD YA AD3 AD1 Real GDP

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