Here are some current facts:The Bureau of Labor Statistics reports that unemployment has been rising and is now at 4.4% for March 2020and GDP fell 4.8 percent in the first quarter of 2020.Unemployment is expected to rise more and GDP is expected to fall more as citizens shelter in place.

Consider these future possibilities:

a. Consumer confidence index decreases significantly.

b. Energy prices decrease because of shrinking demand.

c. House values fall slightly.

d. Business confidence (CEO index) will decrease significantly.

e. Stock values will decrease.

1.Draw an AS / AD diagram that starts using the current facts about the state of the economy. Then explain using words for each circumstance ("a' through "e') what will happen in the AS AD diagram. Then show on that diagram each shift "a" through "e" and the overall effect that they will have on the economy.Make a prediction based on the results of all those occurrences.

2 (Be complete in your answer here. I expect a full discussion and explanation).Then, thinking like aKeynesian Macroeconomist,

that informs and advises your local Congressperson about what they Keynesian Macroeconomic terms and concepts including (i) Real GDP (ii) GDP gap (iii) unemployment (iv) inflation (v) Keynesian counter-cyclical fiscal policy (vi) the multiplier (vii) deficits / surpluses (viii) automatic stabilizers

3.Having made your presentation, you feel compelled to explain to the Congressperson why your policy may actually be ineffective. What would you tell them could be the problems?