Directions: For each question, graph the economy in long-run equilibrium. Next, make any necessary shifts and indicate the end result on the equilibrium quantity and real GDP.

4. Selected countries around the world struggle in 2022. Assume that foreign real national income falls in these countries. 5. High school graduation rates in the U.S. significantly increase. 6. After years of historically low interest rates, we now see consumers paying 15 % for home loans and businesses paying upwards of 10 % for business loans.

7. From 2006 to 2011, the U.S. housing market took a tremendous dive, with home values falling an average of 32 % over this time period. (Hint: How does this impact wealth?) 8. When the Organization of Petroleum Exporting Countries (OPEC) formed in 1973, it raised oil prices roughly 10-fold by reducing the global supply of oil. 9. Increased vaccination rates in the U.S. and the appearance of more mild symptoms associated with Omicron cause the business world to feel optimistic about sales in 2022.

please I need the answer of all 6 questions