The U.S. economy has the long-run aggregate supply curve Ÿ" = Ã+K +H where His the growth rate of human capital (the other terms are defined as usual). In the questions below, you can type YL for , YD...

PLEASE ANSWER ALL PARTS OF QUESTIONS 1 AND 2.

Extracted text: The U.S. economy has the long-run aggregate supply curve Ÿ" = Ã+K +H where His the growth rate of human capital (the other terms are defined as usual). In the questions below, you can type YL for , YD for y, YS for yS, Y for y, and P for p. 1. Initially, A = 1, and H = K = 0. Assume also that initially the rate of money growth is 3 and the velocity of money is not changing. • a) Write down the aggregate demand curve: b) Write down the long-run aggregate supply curve: • c) In the long-run equilibrium. the rate of inflation is the rate of GDP growth is d) Write down the short-run aggregate supply curve: 2. The arrival of the novel coronavirus in the U.S. causes human capital to persistently decline as people fall ill. F falls to -4. Assume all other parameters (A, m etc.) remain unchanged. a) By the time the economy reaches the new long-run equilibrium, which curves have changed? b) In the new long-run equilibrium.. o the rate of inflation is the rate of GDP growth is c) Write down the short-run aggregate supply curve