Question: 2. Represent Gqubule's reasoning using the AD'-PC model from chapter 7: 2.1 The Covid-19 lockdown as a supply shock only. (6) 2.2 His monetary policy

2. Represent Gqubule's reasoning using the AD'-PC model from chapter 7:

2.1 The Covid-19 lockdown as a supply shock only. (6)

2.2 His monetary policy proposals. (6)

2.3 His proposals for what to do when too much money is created. (6)

(all on a single graph, with explanations, please)

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