On the following graph, draw the following: a. Initial AD, SRAS, LRAS b. Appropriately labeled axes c. Equilibrium inflation and appropriately labeled growth rate d. A negative SRAS shock, call this SRAS2 e. The short run equilibrium inflation and growth; label them 2 and 2 f. The Long Run AS shifting to the new short run equilibrium

31. On the following graph, draw the following: a. Initial AD, SRAS, LRAS b. Appropriately labeled axes c. Equilibrium inflation and appropriately labeled growth rate d. A negative SRAS shock, call this SRAS2 e. The short run equilibrium inflation and growth; label them 2 and g2 f. The Long Run AS shifting to the new short run equilibrium