macroeconomic 19

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The each of answer should not be over one page. Need a diagram for number please draw diagram as well.

please help me.

I have only 1hours and 40 m

1. illustrate and explain the difference between the monetary adjustment mechanism and monetary validation as approaches to handling an inflationary gap. illustrate the two approaches separately using separate AD-AS diagrams.

2.Ilustrate and explain with diagrams where appropriate how budget deficits of equivalent size can have quite different impacts on the economy. Include several different instances not just one.

3. Explain and illustrate with appropriate diagrams how an appreciation of the Canada$ will impact the net export function and affect Ye in the context of both the AE model and the AD-AS model. Include diagrams for Canada$, net export function, AE model and AD-AS model.

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