Inflation is increasingly becoming a concern among economists. One of the heads of Bank of America has predicted that consumer prices will increase by 8% by the end of 2021. Using the AD/SRAS/LRAS graph show how inflation will effect the AD curve. (Start the graph at the macroequilibrium point and show the changes). Answer the following questions based on the graph you've drawn. What is the state of the economy? Using fiscal policy, explainhow would you bring the economy back to the macroequilibrium point. What is the state of the economy? Using monetary policy, explain how would you bring the economy back to the macroequilibrium point.