For each graph, you will need to Correctly label the axes and the curve(s) If there is an equilibrium point, correctly label it on both axes and correctly label any shifts and new equilibrium points Each of the SRAS AD graphs needs to have the LRAS curve drawn and labeled, but it does not matter wherethe LRAS curve is placed Graph 1 Will be an Aggregate supply and aggregate demand graph Draw a graph thatrepresents aggregate demand increases Correctly draw the graph What are 3 possible causes of this graph How would real GDP, price level, unemployment, and real income will be affected Graph 2 Will be an Aggregate supply and aggregate demand graph Draw a graph thatrepresents aggregate demand decreases Correctly draw the graph What are 3 possible causes of this graph How would real GDP, price level, unemployment, and real income will be affected Graph 3 Will be an Aggregate supply and aggregate demand graph Draw a graph thatrepresents short run aggregate supply increases Correctly draw the graph What are 3 possible causes of this graph How would real GDP, price level, unemployment, and real income will be affected Graph 4 Will be an Aggregate supply and aggregate demand graph Draw a graph thatrepresents short run aggregate supply decreases Correctly draw the graph What are 3 possible causes of this graph How would real GDP, price level, unemployment, and real income will be affected

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Question: For each graph, you will need to: Correctly label the axes and the curve(s). If there is an equilibrium point, correctly label it on both

For each graph, you will need to:

Correctly label the axes and the curve(s).
If there is an equilibrium point, correctly label it on both axes and correctly label any shifts and new equilibrium points.
Each of the SRAS/AD graphs needs to have the LRAS curve drawn and labeled, but it does not matter wherethe LRAS curve is placed.

Graph 1: Will be an Aggregate supply and aggregate demand graph.

Draw a graph thatrepresents aggregate demand increases.

Correctly draw the graph.
What are 3 possible causes of this graph?
How would real GDP, price level, unemployment, and real income will be affected?

Graph 2:Will be an Aggregate supply and aggregate demand graph.

Draw a graph thatrepresents aggregate demand decreases.

Correctly draw the graph.
What are 3 possible causes of this graph?
How would real GDP, price level, unemployment, and real income will be affected?

Graph 3: Will be an Aggregate supply and aggregate demand graph.

Draw a graph thatrepresents short-run aggregate supply increases.

Correctly draw the graph.
What are 3 possible causes of this graph?
How would real GDP, price level, unemployment, and real income will be affected?

Graph 4: Will be an Aggregate supply and aggregate demand graph.

Draw a graph thatrepresentsshort-run aggregate supply decreases.

Correctly draw the graph.
What are 3 possible causes of this graph?
How would real GDP, price level, unemployment, and real income will be affected?

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