Please see attached

(b) In three years' time, due to an unexpected peace agreement with Iran (who knows?), oil prices temporarily decrease by 30%. (Show shift of curve and color the line shifted.) (- Answer: LRAS SRAS P AD Y = real GDP (c) Home prices soar, increasing consumers' wealth, as buyers flock to rural and suburban markets in the face of the pandemic. (Show shift of curve and color the line shifted.) (- Answer: SRAS P X AD Y* Y = real GDP (d) Foreigners watch more U.S.-made movies. (Show shift of curve and color the line shifted.) ( Answer: P LRAS SRAS AD Y* Y = real GDP(e) Fear. (Show shift of curve and color the line shifted.) (- Answer: P LRAS SRAS AD Y = real GDP[Chapter 11] For each of the following events, assume the 11.5. economyr begins in equilibrium, as shown in the Aggregate Demand J{Aggregate Sup-plyr diagram below. Use the diagram provided for each of the events below to show and explain what happens to P and Y in the short run. 11"ou must onlyr analyze the initial change. i.e., the that shift of either AD or LRASfSRAS [We're not oonceroed in this question about the longrun adjustment] (Remember, it'LRAS shiFts, so does SEES.) [3 points: Il points per question] [a] H ouseholds decide to save a larger share of their inoome. [Show shift of curve and color the line shifted.] [- Answer. LRAS ERAS AD \"'1'\" '1': realGDF