1)How does the slope of the AS curve affect the closure of the GDP gap?

2) what are the fiscal policy options to reduce an inflationary gap? do these policies have same impact

3) what will happen in the economy if the government increases spending and increases taxes to pay for that additional government spending?

4) Name and explain the three reasons for holding money balances

5)How can the Central Bank increase the level of output for the economy through open market operations?

please i need short answer if you can for final exam

Question

1)How does the slope of the AS curve affect the closure of the GDP gap?

2) what are the fiscal policy options to reduce an inflationary gap? do these policies have same impact

3) what will happen in the economy if the government increases spending and increases taxes to pay for that additional government spending?

4) Name and explain the three reasons for holding money balances

5)How can the Central Bank increase the level of output for the economy through open market operations?

please i need short answer if you can for final exam