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Homework answers / question archive / Draw correctly labeled graphs for each of the 3 macroeconomic conditions For each of the 3 macroeconomic conditions, draw what the AD/AS model would look like, the correlating level of production on a PPC, the current Business Cycle position, and which fiscal policy actions could correct the condition

Draw correctly labeled graphs for each of the 3 macroeconomic conditions For each of the 3 macroeconomic conditions, draw what the AD/AS model would look like, the correlating level of production on a PPC, the current Business Cycle position, and which fiscal policy actions could correct the condition

Economics

Draw correctly labeled graphs for each of the 3 macroeconomic conditions

For each of the 3 macroeconomic conditions, draw what the AD/AS model would look like, the correlating level of production on a PPC, the current Business Cycle position, and which fiscal policy actions could correct the condition. Submit a photo of your drawings.

Draw correctly labeled graphs for each of the 3 macroeconomic conditions

Macroeconomic Condition

AD/AS Model Graph

Label: Axes, Curves, Full Employment Y & Y

Production Possibilities Curve

Label: Axes, PPC, Point X for current level of output

Business Cycle

Label: Axes, Peak, Recession, Trough, Expansion, Point X for current level of output

Fiscal Policy Options to Fix

Full Employment









 
     

Recessionary Gap










 
     

Infationary Gap










 
     

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