On a piece of paper (or on a tablet or computer) graph the
following situations. Please upload as PDF, Word, JPG or PNG files.
Use a new graph for each scenario, and be sure to label everything
(the vertical, horizontal axes and the curves... Include LRAS, SRAS
and AD. Label the inital curves SRAS1, LRAS1 and AD1)
Assume that the economy starts its initial equilibrium at both
long-run and short-run equilibrium at potential GDP
1.Show the COVID-19 recession (assume there...