1.Suppose the following occurs: (1) There is a decrease in income because President Biden decides to raise income tax rates on consumers, (2) and at the same time,the Environmental Protection Agency restricts the amount of houses that construction companies can build. (3) the shift in the AD curve shifts more than the shift in the AS curve. As a result, what happened to the equilibrium price level, equilibrium Real GDP level and the unemployment rate? Please make sure you explain what happens to the aggregate demand curve if it shifts rightward or leftward and the aggregate supply curve shifts rightward or leftward and what happens to the equilibrium price level, equilibrium Real GDP and the unemployment rate as a result. Please use a graph and words to explain your answer.