Assume COUNTRY XYZ's banking system operates in a LIMTED RESERVE FRAMEWORK. The economy is in currently in long- run equilibrium with a balanced budget, an inflation rate of 3%, and an unemployment rate of 4%. The nominal interest rate is 5%. a. Draw a correctly labeled of aggregate demand, short run aggregate supply and long run aggregate supply and label: (4 pts total) i. Price level (PL1) ii. Full employment level of GDP (Yf) KRAS SRAS PL, AD Yf GDP b. Suppose the country's government passes a significant increase in spending. Show the impact of this change on the aggregate demand and aggregate supply graph in part a. (1 pt) c. Would this policy action result in an increase in inflation or unemployment? (1 pt) d. Show the impact of the fiscal policy action on a correctly label graph of a short run and long run Phillips Curve. Label the initial equilibrium and point A and the new equilibrium point B. (4 pts)