Part 1 - Draw It- For each of the following scenarioshow the short-run effect on aggregate demand, short-run aggregate supply, and long-run aggregate supply. Label the initial price level PL, and the new price level and output, PL, and Y, Start each graph at full-employment labeled Y 1. In the mid-1090s, Silicon Valley improved 2. In 2005, Hurricane Katrina destroyed oil and microprocessors, leading to technological natural gas refining capacity in the Gulf of Mexico advancements in production 3. In 1099, businesses purchased upgraded 4. In 2008, the global financial crisis decreased machines and computers to prepare for 2k consumer and investment spending 5. In 2001, the dot-com bubble burst, lowering the B. In 2018, consumer confidence began rising and stock market and decreasing consumer the housing market stabilized confidence