For each of the following scenarios graph an AD and AS curve drawing and labeling both curves. After reading the scenario. illustrate your shift on the graph labeling the new curve. Lastly illustrate the effects on price level and real GDP on the graph and then describe what has happened to price level and real GDP by writing increase or decrease below the graph. 1. Show graphically the effects of an increase in government spending. Price Level Real GDP 2. Show graphically the effects of an increase in oil prices. Price Level Real GDP 3. Show graphically the effects of an increase in imports into the United States. Price Level Real GDP