Illustrate graphically what would happen in the short run and in the long run if individuals hold adaptive expectations, prices and wages are flexible, and aggregate demand decreases. Explain how a...

Illustrate graphically what would happen in the short run and in the long run if individuals hold adaptive expectations, prices and wages are flexible, and aggregate demand decreases. Explain how a decline in taxes that affects the labor market can end up shifting the LRAS curve to the right.