4. Problems and Applications Q4 Suppose the economy is in a long-run equilibrium, as shown on the following graph. Now suppose a stock market crash reduces aggregate demand. On the following graph, shift a curve or adjust the point to reflect the short-run effect of the stock market crash. On the following graph, shift a curve or adjust the point to reflect the short-run effect of the stock market crash. LRPC O SRPC O Short-Run Effect Inflation Rate LRPC SRPC Unemployment RateIf the Fed undertakes expansionary monetary policy, it W return the economy to its original inflation rate and original unemployment rate. Mow, suppose the economy is back in long-run equilibrium, and then the price of imported oil rises. COn the following graph, shift a curve or adjust the point to reflect the short-run effect of the increase in the price of oil. On the following graph, shift a curve or adjust the point to reflect the short-run effect of the increase in the price of oil. LRPC O SRPC Short-Run Effect Inflation Rate O LRPC SRPC Unemployment RateTrue or False: If the Fed undertakes expansionary monetary policy, it can return the economy to its original inflation rate and original unemployment rate. O True ) False