How would you graph the following problems:

(1a) In the space below, sketch a graph that shows that the economy is operating BELOW FULL OUTPUT. Include SRAS, AD, and LRAS in your graph.

(1b) For the economy to move to long-term equilibrium (at full potential output), what needs to happen to aggregate demand?

(1c) Sketch a graph that shows that the economy has now moved to FULL EMPLOYMENT level. Include SRAS, AD, and LRAS in your graph. Remember, this is also called long-term equilibrium