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Draw the full AS-AD model. Assume we are at long run equilibrium. RGDP is 100 and...

Draw the full AS-AD model. Assume we are at long run equilibrium. RGDP is 100 and P is 10. Due to COVID investments decrease; people feel less confident in the market so they pull their money. Show me the shift, assume the change in RGDP is 20 and the change in price level is 3. Show the social loss to society, assume an equivalent change would have been needed to be socially optimal.

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and attain the new equilibrium point again at where AD= SRAS = LRAS

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