c) Please use the description in the graph (the names of the lines) and the names of the equilibrium points to convincedly write to your answer. I expect you to analyze your answer and it must be backed up by economic theory which we discussed in the class and match it with the graphical representation AE - Y PAEz PAE, PAE3 Planned aggregate expenditure (PAE) Ya YF Y2 Actual aggregate expenditure (output or GDP. Y) The economy is in full employment equilibrium with output at YF at Q4 2021. Now examine few news and reports coming from the economic and financial markets from Q1 2022 Expected future income of all salaried workers are to be increased by the central government as a part of new wage bill in the coming quarters (Q1-Q4 2020) Expected profitability of core industries are likely to be achieving a 20% growth in the coming quarters (Q1 2022 to Q4 2022 and beyond) Ministry of Corporate affairs have planned to reduced the corporate taxes in the next quarter and 80% of firms will enjoy lower tax bracket from Q3,2022 Global growth is showing some green shoots and the trading partners GDP have increased the growth rate on average 4% from the last year Government is on a path of infrastructural spending spree and has commissioned 7 new express highway for a whooping 3600000 crores to be completed in next 6 quarters starting in Q1 2022