Please draw the graphs for both short run and long run. Also, would the graph for 3a short run be the same for 3b short run? Would the graph for 3a long run be the same for 3b long run? Thank you.

3. Short-Run v. Long-Run a. Use the aggregate demand and supply to show the effects of an increase in consumer spending in the short-run and in the long-run. Explain the reason for each shift. /5) Insert image of graph Insert image of graph Explanation Explanation b. Use the aggregate demand and supply to show the effects of an increase in investment spending in the short-run and in the long-run. Explain the reason for each shift. 15) Insert image of graph Insert image of graph Explanation Explanation