need an answer for the first question

Question 1 [Note: Be specific; try not to exceed 300 words] Consider AD (Aggregate Demand curve), SRAS (Short Run Aggregate Supply curve) and LRAS (Long-run Aggregate Supply curve) for the economy of country Xantron. 1.1 Suppose Xantron is having real GDP lower than $1 million in a short-run situation, compared to Xantron's potential GDP. Give an example what might have caused this kind of situation in Xantron that could be mitigated by Monetary Policy. What kind of Monetary policy could be useful for the economy of Xantron to restore potential GDP? Explain short- run and long-run dynamics (changes/shifts/movements relating to AD, SRAS, LRAS, changes in price level, output level etc. associated with this particular Monetary policy. 1.2 Suppose in a short-run situation Xantron has real GDP exceeding potential GDP by $1 million. Give an example what might have caused this kind of situation in Xantron that could be mitigated by Monetary Policy. What kind of Monetary policy could be useful for the economy of Xantron to restore potential GDP? Explain short-run and long-run dynamics (changes/shifts/movements relating to AD, SRAS, LRAS, changes in price level, output level etc. associated with this particular Monetary policy. Question 2 [Note: Be specific with your answer] 2.1 Consider AD (Aggregate Demand curve), SRAS (Short Run Aggregate Supply curve) and LRAS (Long-run Aggregate Supply curve) for an economy. Consider each of the following individual events independently and explain how price level might change. Do not forget to mention which curve is changing, which curve is not changing, and how any of the changes are taking place (that is, if a curve is changing, you are describing whether it is shifting leftward/ rightward, whether there is a movement along the curve upward/downward, etc.): 2.1(a) The decrease in consumer spending is going to lead to a recession. 2.1(b) We are entering an era of panic hoarding of raw materials by the firms. 2.1(c) The workers union agreed to accept a cut in the monthly wage. 2.2 Identify and state the employment status of the person in each of the following stories and if they are unemployed, state and explain what kind of unemployment it is. 2.2 (a) Now that her kids are in school full-time, Jane is looking for work and has been interviewed for three jobs over the past two weeks. 2.2 (b) Adam was laid off when his manager asked him to work from home, but he could not learn the required online technology. Since his layoff, Adam has been constantly searching for jobs