1) Draw a generic Aggregate Supply and Aggregate Demand curve ona set of axes. Label vertical and horizontal axis appropriately andindicate where the macroeconomic equilibrium is.
2) Then, find a current events article that discusses somemacroeconomic even that will affect either AS or AD. Represent thiseffect using a rightward or leftward shift as appropriate.
3) Use your model to interpret the effect of the event from yourarticle or scenario on the price level, output, input, andunemployment for the relevant economy.
