Answer the following Macroeconomic questions:

pls draw on a paper, and be neat.

Worksheet 34.2: The Phillips Curve Set up a correctly labeled Phillips Curve graph to begin each scenario. Then, show and explain below what happens to the short-run Phillips curve. Assume the natural rate of unemployment is 5%. When showing a movement along the curve, label the initial point, A, and the new point, B. Use standard notation when shifting the curve. The price of crude oil and most sources of energy decreases. Ination expectations rise from 3% to 6%. The Fed increases interest rates with contractionary monetary policy. Inflation expectations fall from 5% to 2%. The government increases income taxes. Tornados strike the South and Midwest Consumer confidence falls amid news of destroying much of the nations political squabbling. manufacturing ability.Worksheet 35.1: Quantity Theory of Money Answer the following questions about the quantity theory of money in the space provided. 1. Define each of the components of the quantity theory of money. M: V: P: Y: PY: 2. Suppose velocity remains constant while the money supply increases. How will this impact nominal GDP? 3. The money supply equals $9,000 billion and velocity of money is 3. If real GDP is 4,000 billion, then what is the price level? 4. The money supply equals $4,000 and velocity of money is 4. The government budget is $800, consumers spend $3,000 and investors spend $1,000. What is nominal GDP