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SOLVED:The economy is in a recession with high unemployment and low output.a. Draw a graph of aggregate demand and aggregate supply to illustrate the current situation. Be sureto include the aggregate-demand curve, the short-run aggregate-supply curve, and the long-run aggregate-supply curve.b. Identify an open-market operation that would restore the economy to its natural rate.c. Draw a graph of the money market to illustrate the effect of this open-market operation. Show theresulting change in
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