Question: 2. Draw a correctly labeled short-run aggregate demand and supply graph showing the equilibrium real GDP and price level, labeled Y, and P1. a. Show

2. Draw a correctly labeled short-run aggregate demand and supply graph showing the equilibrium real GDP and price level, labeled Y, and P1. a. Show the effect of depreciation of the domestic currency on the equilibrium real GDP and price level, labeled Y2 and P2. b. Explain how depreciation of the domestic currency results in the change you show in part a. (5 points)

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