Question: Aggregate macroeconomic equilibriums Please graphically display a graph for each and all the scenarios. You may draw the graph using any method you like, but

Aggregate macroeconomic equilibriums Please graphically display a graph for each and all the scenarios. You may draw the graph using any method you like, but your graphs must be legible. 1 Draw a short-run AD-AS graph showing the effect of a severe drop in stock prices that decreases households' and businesses' wealth. Indicate the effect on the equilibrium aggregate price level and equilibrium aggregate output. Draw a short-run AD-AS graph showing the effect of a significant decrease in the world supply of oil. Indicate the effect on the equilibrium aggregate price level and equilibrium aggregate output. Draw an AD-AS graph showing a recessionary gap. Draw an AD-AS graph showing an inflationary gap. Draw a graph illustrating short-run macroeconomic equilibrium. Draw a graph illustrating long-run macroeconomic equilibrium

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