2) Let's study what might happen using the LOE model in the long run. Suppose the US. economy started 'om an equilibrium point, in February 2020. a. Show how the corona virus shock affects the economy, starting in March, showing the effect in the long run, without any policy intervention. Use economic reasoning and graphs. That is, show how the lockdown affected consumption, sales, employment, production, and prices in the long run. In the market for loanable funds (LOE in the LR), which curve shifted and to which direction? b. Now, consider that the US. Central Bank (Federal Reserve Board) decided to implement monetary policy to help the economy. In the LOE in the LR (market for loanable funds), which curve shis and to which direction? Show the change redrawing the diagram from a) c. Now, consider that the US. government (President and Congress) decided to implement scal policy to help the economy. In the LOE in the LR, which curve shifts and to which direction? Show the change redrawing the diagram from b) (1. Which policy is more effective in the long run? e. Optional question: what do you think would happen to the market for foreign currency in the LR Without the central bank or government intervention? And with their intervention