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ll. Graph it out and explain. Your graph for each item will be worth 4 points each. Refer to the problem set assignment for the
ll. Graph it out and explain. Your graph for each item will be worth 4 points each. Refer to the problem set assignment for the scoring guide. Meanwhile, you explanation are worth 2 points each. For items 11-13. illustrate the change in the aggregate demand and aggregate supply curves (hereafter referred to as AID-AS Curves) provided the following conditions. Make sure that your labels are complete and correct. Below your graph. write an explanation on why such changes occurred. 'l 1. A bill proposed by the Congress imposing a tax cut lapsed into law and is now in effect. Show the AD-AS curves in the short-run. 12. To target inflation. the Bangko Sentra.' ng Pilipinas implements an increase in interest rates. Show the ADI-AS curves in the long-run. 13. Country A is mainly dependent on its agricultural production. When a super typhoon hit, it wiped out farm lands and led to agricultural shortages. Show country A's AS-AD curves in the short-run
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