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please answer the following questions based on macroeconomics Question 1 E Assume a country's economy is currently in recession. 3. Draw a correctly labeled graph

please answer the following questions based on macroeconomics

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Question 1 E Assume a country's economy is currently in recession. 3. Draw a correctly labeled graph of the long-run aggregate supply, short-run aggregate supply, and aggregate demand curves, and show each of the following i. Current real output, labeled Y1, and current price level, labeled PL1 ii. Full employment output, labeled Yf b. Identify one action the central bank can take to help the economy recover from the recession. c. Draw a correctly labeled graph of the money market, and show the impact of the central bank's action identied in part (b) on the nominal interest rate. d. On your graph for part (a). show the effect of the central bank's action identied in part (b) on real output and the price level. e. Assume there is an increase in business condence as a result of the central bank's action. i. What will happen to the demand for capital goods? ii. Draw a correctly labeled graph ofthe loanable funds market, and show the effect of the change identied in part (e)(i) on the real interest rate. f. Given your answer to part (e), what is the effect on potential real output in the long run? Explain

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