Question: a. Draw a correctly labeled graph of aggregate demand and aggregate supply; include each of the following: i. The long-run aggregate supply curve ii. The

 a. Draw a correctly labeled graph of aggregate demand and aggregate

supply; include each of the following: i. The long-run aggregate supply curve

a. Draw a correctly labeled graph of aggregate demand and aggregate supply; include each of the following: i. The long-run aggregate supply curve ii. The current equilibrium output and price levels, labeled as Y, and PL, respectively b. Assume that the Canadian government increases spending on national defense without raising taxes. i. On your graph above, show how the increase in government spending affects

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