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1. Describe a policy measure the government can use to close a recessionary gap. 2. Illustrate...

1. Describe a policy measure the government can use to close a recessionary gap.

2. Illustrate your response to part 1 in a graph.

3. Describe a policy measure the government can use to close an inflationary gap.

4. Illustrate your response to part 3 in a graph.

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