Assume that the U.S. economy in January 2020, was in long-run equilibrium. (3 points, as indicate below) (a) Draw a long-run aggregate supply (LRAS) and aggregate demand (AD) diagram to illustrate the current state of the U.S. economy. Assume a "super short-run scenario" so that the SRAS curve corresponds to the red lines shown in the diagram. (Yes, I've answered this for you to make sure you begin correctly.) Answer: LRAS P AD V* Y. AD