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2018- 2019 Draw and carefully describe a graph that utilizes the Aggregate Demand/Aggregate Supply model that...

2018- 2019 Draw and carefully describe a graph that utilizes the Aggregate Demand/Aggregate Supply model that would illustrate the current state of the aggregate economy in the United States. You should draw your own AD/AS graph which you can then scan and paste into your post. Your graph needs to be clearly labeled and explained carefully. Make sure that your graph includes an aggregate demand (AD) curve, a short run aggregate supply (SRAS) curve, and a long run aggregate supply curve (LRAS, Potential GDP) curve. You should discuss which “zone” the economy is currently operating in, and whether the economy is experiencing an “inflationary gap” or “recessionary gap.”

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