Show your work and explain your answers fully in your own words. GDP are affected by each of the scenarios in both the short-run and the longrun {You can select individual curves and then copy and paste them into the graph.} HINT: Mal-(e a separate graph for the shortrun and longrun. Assume that the scenario describes a situation that is unanticipated. Explain your reasoning fully. Europe is a major trading partner for the U.S. Show and explain the effect of a surprise major recession in Europe that reduces their income, other things constant. Pce YF Real GDP