For each graph, you will need to:

• Correctly label the axes and the curve(s).
• If there is an equilibrium point, correctly label it on both axes and correctly label any shifts and new equilibrium points.
• Each of the SRAS/AD graphs needs to have the LRAS curve drawn and labeled, but it does not matter wherethe LRAS curve is placed.

Graph 1: Will be an Aggregate supply and aggregate demand graph.

Draw a graph thatrepresents aggregate demand increases.

• Correctly draw the graph.
• What are 3 possible causes of this graph?
• How would real GDP, price level, unemployment, and real income will be affected?

Graph 2:Will be an Aggregate supply and aggregate demand graph.

Draw a graph thatrepresents aggregate demand decreases.

• Correctly draw the graph.
• What are 3 possible causes of this graph?
• How would real GDP, price level, unemployment, and real income will be affected?

Graph 3: Will be an Aggregate supply and aggregate demand graph.

Draw a graph thatrepresents short-run aggregate supply increases.

• Correctly draw the graph.
• What are 3 possible causes of this graph?
• How would real GDP, price level, unemployment, and real income will be affected?

Graph 4: Will be an Aggregate supply and aggregate demand graph.

Draw a graph thatrepresentsshort-run aggregate supply decreases.

• Correctly draw the graph.
• What are 3 possible causes of this graph?
• How would real GDP, price level, unemployment, and real income will be affected?