Attempts Average / 3 16. Problems and Applications Q8 For each of the following events, use the subsequent graph to illustrate the short-run effect on aggregate supply and aggregate demand. Households spend more in response to a tax cut.LRAS O Aggregate Supply Aggregate Demand O Aggregate Supply Price Level A LRAS Aggregate Demand Quantity of OutputThere is an increase in oil prices. ? LRAS O Aggregate Supply Aggregate Demand O Aggregate Supply Price Level A LRAS Aggregate Demand Quantity of OutputA wave of immigration significantly increases the population. LRAS O Aggregate Supply Aggregate Demand Aggregate Supply Price Level A LRAS Aggregate Demand Quantity of Output