An economy is currently at a short run equilibrium point. It experiences a decline in the interest rates as well as a depreciation in its currency. Apart from this, the economy also experienced a period of good weather. Analyze what these series of events will have on the economy's short run price level and equilibrium value of real GDP using AD-SRAS analysis ASSUMING IMPACT ON SRAS IS LESS THAN IMPACT ON AD. 8 [INCLUDE ONLY ONE DIAGRAM] 2. Suppose you are believers of classical economic theory. The economy is currently at long run equilibrium. Analyze both the short run and long run effects of an increase in AD due to increase in wealth