Please help me with this, don't worry if can't answer 4.0.

Constructive Response Questions (Learning Targets): 1. Explain how the government attempts to remedy each of the five market failures. LEARNING O TARGETS 2. Draw on a AD/AS graph, and recessionary gap. Explain how fiscal policy can be used to eliminate the gap.3. Explain, in detail, how the tools of monetary policy can impact the economy to x an economy. Use interest rates, money supply, investment and output in your answer. Reminder: Always start with a topic sentence. 4. Utilize a T-CHART to explain how scal and monetary policy tools can be used for expansionary and contractionary policy. Fiscal Policy Monetary Policy Expansionary Policy Contractionary Policy 4.0 Question: Assume that the United States economy is currently in long-run equilibrium. [a] Draw a correctly labeled graph of aggregate demand and aggregate supply and show each of the following. [i] The long-run aggregate supply curve [ii] The current equilibrium output and price levels. labeled as YE and PLE. respectively [b] Assume that the government increases spending on national defense without raising taxes [i] (In your graph in part [a], show how the government action affects aggregate demand. [ii] How will this government action affect the unemployment rate in the short run? Explain