Draw the long- run aggregate supply curves for successive long- run equilibriums with a potential growth rate of real GDP at 2.5 to 3.0 percent per year. What is the sustainable growth rate of output...

Draw the long- run aggregate supply curves for successive long- run equilibriums with a potential growth rate of real GDP at 2.5 to 3.0 percent per year. What is the sustainable growth rate of output over time?

Graphically demonstrate the appropriate Fed policy in response to a severe unexpected drop in aggregate demand.