(Solved): Draw five aggregate supply and demand graphs at long run equilibrium. Illustrate what would happen ...

Draw five aggregate supply and demand graphs at long run equilibrium. Illustrate what would happen to the price level, output and employment under the following circumstances: a. Congress raises tax rates to fight the growing deficit. b. Businesses growing more depressed about future earnings. c. Energy prices rise dramatically across the US. d. Demand-pull inflation sets in. e. Economies of Canada and Mexico (two of our biggest trading partners) fall into recession.