Question: Use AD/AS model to solve the next two problems. You have to DRAW and explain AD/AS model for both problems. Please notice: after due date,

Use AD/AS model to solve the next two problems. You have toDRAW and explain AD/AS modelfor both problems. Please notice: after due date, there is no chance to make up. 1. Hydraulic fracturing (fracking) has the potential to significantly increase the amount of natural gas produced in the United States. If a large percentage of factories and utility companies use natural gas, what will happen to output, the price level, and employment as fracking becomes more widely used? (50 points) 2. Explain two types of inflationary pressure with AD/AS model.(5

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