Question: please help me solve these. Please make it legible and easy to understand. I will leave a very good review 2. 1 Suppose the economy

please help me solve these. Please make it legible and easy to understand. I will leave a very good review

please help me solve these. Please make it legible and easy to

2. 1 Suppose the economy is in long-run equilibrium. Draw a diagram to illustrate the state of the economy, show the Long-Run Aggregate Supply, the Short-Run Aggregate Supply, and the Aggregate Demand. The axes must have the correct labels to earn points, and each graph must be correctly sloped and adequately labeled. ooy Starting from the long-run equilibrium, for each of the following events, explain the short-run and long-run effects on the real output and price level, depending on the discussion prompt. Be sure to distinguish between the short-run equilibrium and the long-run equilibrium and explain the adjustment process graphically and in words in each case. a) The stock market declines sharply following a significant disease outbreak (pandemic), reducing consumers' wealth. Show the short-run shock and the long-run self-adjustment process graphically and in words in well-labeled graphs. \\Gu= b) Starting from a long-run equilibrium, an conomy undergoes a sharp contraction in aggregate demand due to COVID 19 outbreak. Show the impact on the price level and output in the short run. If the government provides stimulus Payments to households t demand, explain the adjustment process of this economy to the long-run equilibrium. (N 0 stimulate the aggregate

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