The Reserve Bank announced a increase in the OCR (Official Cash Rate) noting that domestic demand was increasing. This increase was being driven by the return of tourism, which increased business confidence and spending. 7. On Graph 2 below: (i) Show the effect of the domestic demand decreasing (ii) Show the effect of the RBNZ decision. (iii) Label the new equilibrium price PL1 and the new equilibrium level of real GDP Y1. Graph 2: The Economy of Country XYZ Price Level AS PL - - - AD Y Yf Real GDP