Question: Consider the graph at right, which shows the long-run aggregate supply ( LAS ) and the short-run aggregate supply ( SAS ) curves.Suppose short-run equilibrium

Consider the graph at right, which shows the long-run aggregate supply

(LAS)

and the short-run aggregate supply

(SAS)

curves.Suppose short-run equilibrium occurs

below

full employment GDP.Part 2(i) Use the Line tool to draw and label an aggregate demand curve that illustrates this situation.(ii) Use the Point tool to plot and label the short-run equilibrium point. Label this point SR..(iii) Use the Point tool to plot and label the long-run equilibrium point. Label this point

LR..

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