Graphically show the impact of acrude oil price decrease in the long-run .

Include all three graphs:AS&AD, Money Market. Planned Expenditure,.

1. Start with initial steady state.
2. Show impact of a crude oil price drop in the short-run.
3. Next show the long-run impact if the Federal Reserve does not change policy.
4. Show thelack of self-correcting mechanism(automatic stabilizer)
5. Show the new steady state.

Tips:

Use one sheet of white paper-landscape orientation.

Use colored pens/pencils.