The figure below shows the effect of a 2011 increase in government purchases on the hypothetical path of real GDP compared to the path of potential GDP (the baseline) between 2011 and 2016. Potential
GDP (A) Using the cirve and line anglysis, expleng what is accurting between 2011 ant
(B) Using the curve and line analysis, exglain what is accurring between 2012 ant 2014 .
(C) Using the curve and line malysis, exglanin what is accuring between 2014 and 2016
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