. & Quiz: Final Exam: ECON 7200U X + X C myuni.adelaide.edu.au/courses/68715/quizzes/115879/take/questions/1449262 return to your exam and change any answers. No Term HE UNIVERSITY ADELAIDE Home Before you click Submit you must let the Proctor know you are ready to submit by typing Ready to Submit in the chat Toolkit box. If the quiz auto-submits make sure you tell the Proctor immediately. Account SELT D Dashboard Question 102 (5 Points) Courses The coronavirus has impacted economies across the globe. Using Australia as a case study, and assume Australia started in a long-run equilibrium, 898 Calendar a)Use an AD-AS diagram to help explain how a demand shock caused by the virus pandemic would affect real GDP, price level and unemployment rate in the short run. How will the economy adjust back to the long-run equilibrium? Inbox b) Similarly, use an AD-AS diagram to help explain how a supply shock caused by the virus would affect the same indicators above. History Please upload your graph (to the assignment after submitting this quiz) depicting the AD-AS diagram. Search Show the graphs separately for the two kinds of shock. Studio Help Previous Next Saved at 10:59 Submit quiz K 10:59 20 C 29'C ALERO ! () 2021/10/20