Q1. a) Assume consumer confidence falls. Show on your graph the short-run impact of the change in consumer confidence and label the new equilibrium price level and output Y and PL, respectively.b) how does this shift will affect unemployment, and what types of unemployment might be affected.

Section 2. Q1. a) Assume consumer confidence falls. Show on your graph the short-run impact of the change in consumer confidence and label the new equilibrium price level and output Y and PL, respectively. (4 pts.) b) how does this shift will affect unemployment, and what types of unemployment might be affected. 4 pts.)