Suppose the economy is currently in long run macroeconomic equilibrium, with actual gdp equal to potential gdp.(a) depict this situation using ad-as, being sure to label all curves and axes. suppose the economy then suffers a negative supply shock.(b) depict the effect this will have on aggregate demand, and the new short run equilibrium. (c) depict the effect this has in the keynesian cross diagram.(d) depict what will happen in the long run, in this economy.

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.