1. Explain in your own words whar Mong-run monetary neutrality means and state in a graph using the classical ERAS and AD curves for an economy (12 points) 2. Draw otaphs of the labor market, production functions in both N-Y and space and the long run aggregate supply curve to lustrate the effects of each of the following events on the real wage employment and full-employment output in the economy. Note that four separate graphs are required for each event (12 points each A. The ato torce cacticination rate declines as many parents leave the labor force to stay at home with children during the Covid-19 pandemic 3. A stock market boom increases wat for most individuals across the economy c. The increase in working from home decreases the productivity of the D.Auzatile share of the center can rolonger be used due to stricter carbon emissions standards 1. Explain in your own words whar Mong-run monetary neutrality means and state in a graph using the classical ERAS and AD curves for an economy (12 points) 2. Draw otaphs of the labor market, production functions in both N-Y and space and the long run aggregate supply curve to lustrate the effects of each of the following events on the real wage employment and full-employment output in the economy. Note that four separate graphs are required for each event (12 points each A. The ato torce cacticination rate declines as many parents leave the labor force to stay at home with children during the Covid-19 pandemic 3. A stock market boom increases wat for most individuals across the economy c. The increase in working from home decreases the productivity of the D.Auzatile share of the center can rolonger be used due to stricter carbon emissions standards