(2.4 (30 points ) Shift in AD curve due to Cuvid -19 Suppose , under the threat of Covid -19 , consumers and investors including both business firms and financial -market participants have all become pessimistic about the future of the economy (3) Explain how such loss of confidence would affect each of the following curves . a Supply of loanable funds (93 5) 0 Demand for loanable funds (9,9 '1) . Supply of real balances (m S) 0 Demand for real balances (md) (b) Explain how the possible changes in part (a) above would create a discrepancy in the interest rates between the loanable -funds market and the money market (i.e., ram\" vs. rmm'y). (c) Explain how to eliminate such interest -rate gap via EITHER an adjustment in the price level (i.e., P-adjustment )OR an adjustment in real output (i.e.,yd-adjustment ). (d) Conclude how aggregate demand (AD) would respond to this confidence crisis