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Please hand draw the graph. Thank you!
For the question below, write an explanation of the short-run effect (including the determinant of AD or AS that is causing the shift, the line that shifts (AD or AS), the direction of the shift (left or right), and the impact on output and price level (increase or decrease) and submit a erly drawn and labeled aggregate demand and aggregate supply graph for the scenario e sure your name and assignment number are written on each page of graphs you submit. All text must be written in the text box provided Mak There is an increase in the expected rate of inflation in the economy.
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As expected rate of inflation rises, labour demand increase in wages because they fear that higher price will decrease their real wages.Thus shortrun Aggregate supply shifts leftwards from AS to AS1 because cost of production (wages) rises. Consequently price rises from p to p1 and output falls from Q1 to QoLLAS

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