Need some help with these questions, thanks!

The following graph shows several aggregate demand and aggregate supply (lines for an economy whose potential output is $5 trillion. The curves are labeled a, b, c, and d. Three points on the graph are also indicated by grey stars and labeled K, L, and M. \\ 100 9|] 8|] Tl] 6|] 5|] PR] CE IJEVEL (CPI) 3|] 2|] 0 1 2 3 4 5 6 7 a REAL GDP (Tnllions of dollars) Identify which curve on the previous graph corresponds to each of the mowing descriptions. If the curve described is not shown on the graph, choose Not Shown. In the descriptions, AD represents aggregate demand; SRAS represents shortrun aggregate suppiy; LRAS represents iongrun aggregate supply. Description a h c d Not Shown AD 0 O O O O SRAS if the expected price level is 50 O O O O O LRAS O O O O O ERAS if the expected price level is ?0 O O O O O SRAS if the expected price level is 60 O O O O 0 Suppose the economy is currently in short-run equilibrium at point L In this case, the economy is producing at an output level V its potential output. At current prices and wage levels, real wages are V what rms and workers expected when they agreed on wage contracts. In the long run, if the price level and the nominal wage are both exible, wages will V , which will cause the V curve to shift to the V . Assuming the other two curves do not change, the economy will reach a new equilibrium at an output of V and a price level of V . The following graph shows the economy in longrun equilibrium at the expected price level of 5 and potential output of $5 trillion. Assume several foreign economies experience severe recessions, causing foreign purchases of domestic goods and services to decline sharply. Using die following exhibit, shift the shortrun aggregate supply (SRAS) curve or the aggregate demand (AD) curve to show the shortrun impact of the economic turmoil a broad. Note: You will not be graded on any changes you make to the graph. LRAS 1|] SRAS l:l SRAS -------- + PRICE IJEVEL REAL GDP (Trillions of dollars) In the short run, the decrease in foreign spending on domestic goods associated with the recession abroad shis the V curve to the V , causing the price level to V the price level people expected and the quantity of output to V potenijal output. The economic turmoil abroad will cause the unemployment rate to V the natural rate of unemployment in the short run. Again, the following graph shows the economy in longmn equilibrium at the expected price level of 5 and potential output of $5 trillion before the decrease in foreign spending on domestic goods associated with the recession abroad. Now, on the following exhibit, show the longrun impact of the economic turmoil abroad by shifting both the shortrun aggregate demand (AD) curve and the shortrun aggregate supply (ERAS) curve to the appropriate positions. Assume that the economic turmoil abroad does not cause a change in the economy's resources, technology, or productivity.) Note: You will not be graded on any changes you make to the graph