Use the following to answer questions: 
-(Figure: AD-AS) Refer to Figure: AD-AS. Consider an economy that is producing an output level of Y1. The economy has a(n) _____ gap, which can be closed by _____ fiscal policy.
Definitions:
Colonial Development
The process of establishing, expanding, and managing colonies by a mother country, often involving the exploitation of resources and indigenous populations.
Society of Friends
Also known as Quakers, a Christian group known for their belief in the ability of each person to experientially access the light within or that of God in every one.
Caribbean Area
The Caribbean Area is a region consisting of the Caribbean Sea, its islands, and the surrounding coasts, known for its distinct culture, biodiversity, and historical significance.
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