Revised: The instructions are listed in the paragraph. There is no missing information, this is the whole question. The attachments under Answer, you need to add color lines and show the curve shift. You must also explain what happens to P and Y in the short run. Everything you need to solve the question is here. I have no more information to provide.The question is not incomplete, all the information is here.

(Chapter 11) For each of the following events, assume the U.S. economy begins in equilibrium, as shown in the Aggregate Demand/Aggregate Supply 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. You must only analyze the initial change, i.e., the first shift of either AD or LRAS/SRAS (We're not concerned in this question about the long-run adjustment.) (Remember, if LRAS shifts, so does SRAS.) (3 points; 0.6 points per question)

(a) Households decide to save a larger share of their income. (Show shift of curve and color the line shifted.) (-

Answer:

\fLRAS SRAS P AD Y = real GDPLRAS SRAS P + AD Y* Y = real GDP\fP LRAS SRAS AD + Y* Y = real GDP