Please take the appropriate amount of time on these graphs. This will go a long way toward telling me yOur understanding of the concepts that are critical to the understanding of drawing these graphs. 1. Identify the two effects that cause the aggregate demand curve to have a downward slope. Explain each. 4 points 2. Do the following: a. Draw a correctly labeled short-run aggregate supply curve. b. On your graph from part a. illustrate a decrease in short-run aggregate supply. c. List 3 types of changes. including the factor that changes and the direction of change, that could lead to a decrease in short-run aggregate supply. 6 points 3. Draw a correctly labeled aggregate demand and aggregate supply graph illustrating an economy in long- run macroeconomic equilibrium. 5 points 4. Do the following: a. Draw a correctly labeled graph showing an economy experiencing an inationary gap. b. What type of scal policy is appropriate in this situation? c. Give an example of what the government could do to implement the type of policy You listed in part b. 6 points