Draw an aggregate demand and aggregate supply graph showing the long-run equilibrium. "Oil prices rose early on Thursday after China signalled an easing of its strict COVID policy, which has battered market sentiment in recent months. As of World Trade lndex of Crude oil prices were rising by 1.67% at S86.98, andthe international benchmark, Brent Crude, was up 1.41% to trade at S93.72". Using the basic (static)aggregate demand and aggregate supply model, analyse the impact in the short and long run of the statement given above.