Question: need help with both questions (explanation and graphs) II. Compare and contrast changes in aggregate demand and changes in aggregate supply in the AD/ AS

need help with both questions (explanation and graphs) II. Compare and

need help with both questions (explanation and graphs)

II. Compare and contrast changes in aggregate demand and changes in aggregate supply in the AD/ AS model. Use graphs to explain your answer. (12 points) B. The Phillips curve relates inflation and unemployment. I. Using the AD/ AS model, discuss the changes to the economy that the Phillips curve explains well, and describe under what conditions the Phillips curve fails to explain economic behavior. Include graphs of the Phillips curve and the AD/ AS model in your answer. (12 points)

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