Question: Question 3 (5 marks) In the space provided below, you are asked to follow a series of instructions: 1. In a carefully labelled diagram, draw

Question 3 (5 marks) In the space provided below, you are

Question 3 (5 marks) In the space provided below, you are asked to follow a series of instructions: 1. In a carefully labelled diagram, draw an economic equilibrium in the Keynesian range of the aggregate supply curve. 2. Describe a situation that would cause the AD curve to shift to the right. 3. Draw the new AD curve in your diagram above and mark the new equilibrium

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