Lebanon’s macroeconomy has been battered by a series of interconnected crises for over a year, beginning with an economic and financial crisis, then COVID-19, and finally the explosion at the Port of Beirut.  By October 2019, the economy had descended into a financial crisis as a result of an abrupt halt in capital inflows, resulting in systemic breakdowns in banking, debt, and the currency rate. This featured a government default of a $1.2 billion Eurobond redemption on March 7, 2020, which was Lebanon’s first ever sovereign default. Eleven days later, the government proclaimed a state of general mobilization, enforcing a lockdown to combat COVID-19, including the shutdown of all public and private establishments, as well as airports, seaports, and land borders. Finally, on August 4, 2020, a tremendous explosion shook Beirut’s Port, demolishing much of the port and seriously damaging dense residential and business districts within a one- to two-mile radius. Despite its regional concentration, the explosion has a major economic effect at the national level

 

unemployment rate %	6.40	6.36	6.31	6.23	6.14	6.23	6.28
real interest rate %	5.93	5.88	5.93	6.91	9.13	8.29	3.39
real GDP (billion $)	48.13	49.94	51.21	53.14	54.96	52.57	19.13
consumption (billion $)	45.53	45.35	45.36	47.82	49.8	47.29	17.21
Investment (billion $)	12.01	11.01	11.62	11.36	11.43	9.6	3.49
government spending (billion $)	6.13	6.26	6.63	7.01	8.42	8.26	3.01
export (billion $)	11.43	11.55	11.11	11.63	11.39	18.36	6.69
imports (billion $)	26.96	24.32	23.53	24.67	26.07	31.55	11.48
budget deficit (%of GDP)	-6.21	-7.48	-8.87	-8.64	-11.29	-10.49	-9.9

Question:

Show graphically changes in aggregate demand and aggregate supply for the lebanese economy for the three years which are 2018, 2019, and 2020. Show whether the aggregate demand changes or doesn’t change, show whether the aggregate supply changes or doesn’t change, but keep long run aggregate supply for lebanon fixed and please explain the relationship between this compounds and explain why and who the curve shifted that is in the case if they actually shifted