Consider a macro economy was initially at equilibrium level of real GDP.  Using an aggregate demand and aggregate supply diagram or model of the economy, graphically illustrate and discuss the short-run and long-run effects of the following events upon the economy:

• The Central Bank within the economy reduces interest rates.
• There is an increase in private domestic investment spending.
• An increase in international oil prices.
• Depreciation in the foreign exchange rate value of the economy’s currency.
• A fall in real estate prices in the capital cities of the country in question
• The country main exports rise in price while the goods the country imports from abroad fall in price i.e. its terms of trade improves in the country’ favor.