3. (10 points) Draw graphs with AD, SRAS, and LRAS to explain what happens for each of the following scenarios. You should have separate graphs for each scenario. Indicate how the curve(s) shift and where the new equilibrium would be. Briefly explain if there is an increase or decrease in the price level and Real GDP due to these situations. a. Scenario 1: Consumer spending increased and there was a severe supply shortage. b. Scenario 2: Power companies switch to solar power and the price of electricity falls. c. Scenario 3: The consumers in the U.S. decide to concentrate on buying more products manufactured in the U.S. instead of buying from other countries.