The AD/AS Model: the COVlD-19 pandemic and economic lockdown 1. Use the AD/AS model to illustrate (explain and draw a graph) the effects of the COVlD-19 pandemic and subsequent economic lockdown. Be sure to explain: . what curve(s) shift, 0 in which direction, 0 and why specifically (i.e., what AD and/or AS factors are affected by these events) . discuss what will be the effect on Real GDP, unemployment and inflation given the shift(s) you described 0 Finally, include an AD/AS graph to illustrate your answers above