Question: Question 2: a. Use the AS/AD model to explain a recessionary gap and illustrate the gap with an appropriate graph b. Explain how the economy

Question 2: a. Use the AS/AD model to explain a recessionary

Question 2: a. Use the AS/AD model to explain a recessionary gap and illustrate the gap with an appropriate graph b. Explain how the economy will remove the recessionary gap without government intervention. Illustrate with an appropriate graph

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