[17 points in total] Draw a basic aggregate demand and supply graph (with LRAS constant) that shows the economy is in long-run equilibrium, label it as A. a) Assume that there is a large increase in demand for Canadian exports. Show the resulting short-run equilibrium on your graph. In this short-run equilibrium, call it B, is the unemployment rate likely to be higher or lower than it was before the increase in exports? Briey m3 points)| b) Continue with part a) Explain how the economy adjusts back to long-run equilibrium if the government intervene the market. What policy will the government use? When the economy has adjusted back to long-run equilibrium, how have the value of each of the following changed relative to what they were before the increase in exports: (5 points) i. Real GDP ii. The price w iii. The unemployment @ c) This part has nothing to do with part a) and b). Suppose that there is an unexpected increase in the price of oil due to the tension between Russia and Ukraine. Show the resulting short-run equilibrium B on a new diagram, assuming the economy was starting from the original long-run equilibrium A. (4 points) d) Continue with part c). Explain how the economy adjusts back to long-run equilibrium with the central bank's intervention. What policy will the central bank use? When the economy has adjusted back to long-run equilibrium, how have the value of each of the following changed relative to what they were before the increase in oil price: (5 points) iv. Real GDP v. The price w vi. The unemployment [it