Question: please answer the following questions below Worksheet 32.3: Monetary Policy in the Short and Long Run Fully answer each of the following questions. 1. Assume

please answer the following questions below

Worksheet 32.3: Monetary Policy in the Short and Long Run Fully answer each of the following questions. 1. Assume an economy is in longrun equilibrium. a. Draw a correctly labeled graph of aggregate demand and supply of this economy. b. Draw a correctly labeled graph of equilibrium in the money market. c. On your graph in part (b), show what happens to the money market in the short run if the central bank decreases the money supply. (1. On your graph in part (a), show what happens to the macroeconomy in the short run if the central bank decreases the money supply. e. On both graphs, show what will happen in the long run. Explain these adjustments

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