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Please hand draw the graph. Thank you!
3. For the question below, write an explanation of the short-run effect (including the determinant (5 points) rec (left or right), and the impact on output and price level (increase or decrease) and submit a All text must be written in the text box provided A new law requiring all businesses to provide health care for their employees is signed by the assignment number are written on each page of graphs you submit
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This results in higher spending on labour. As a result cost of production rises. Consequently short run Aggregate supply shifts leftwards from SRAS to SRAS1. Output falls from Q1 to Qo and price level increases from p to p1. SRAS SRAS

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