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please draw the graphs aswell For each prompt below, carefully and thoroughly follow the directions. For the graphs, be certain to accurately label all axes,

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please draw the graphs aswell

image text in transcribed
For each prompt below, carefully and thoroughly follow the directions. For the graphs, be certain to accurately label all axes, curves, and equilibria points. Use arrows to indicate the direction of any shifts. is) An economy is currently operating with a cyclical unemployment rate of zero. Illustrate this on a fully labeled ADIAS model, complete with aggregate demand, shortrun aggregate supply, and longrun aggregate supply. [h] A sharp increase in consumer confidence leads to higher household consumption. On your graph from part {a}, illustrate the effect of this change- is] Based on the change in part {in}, what will happen to the natural rate of unemployment and the cyclical rate of unemployment? Explain. [d] If the government does not intervene in the situation from part its], how will this economy adjust in the long run'iI Explain. [e] A different economy is producing with real output that falls short of its potential output. Illustrate this on a new fully labeled AIDAS model, complete with aggregate demand, short-run aggregate supply, and long-run aggregate supply. if} On your graph from part [e], illustrate how this economy will adjust in the long run if there is no government intervention. lg} What will happen to nominal and real wages as the economy from part [c] adjusts in the long run? [h] If an economy decreases capital investment, whet will happen to its aggregate demand, short-run aggregate supply, and long-run aggregate supply in both the short run and the long run

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