Use the link below to open the Chrome Whiteboard app. You ca…

Use the link below to open the Chrome Whiteboard app. You can toggle between these two tabs as you complete the assignment. I will grade your Honorlock video (you do not need to upload a picture).    Use a blank whiteboard to start.   Use the pen tool to create your curves and labels. Your labels don’t need to be full words or sentences, but you need to tell me what your labels mean. For example, if you use AS for the aggregate supply curve, tell me this is the aggregate supply curve as you are drawing it. Make sure each of your graphs include: a short title at the top of the graphs, a label on the y axis, a label on the x axis, any other labels or arrows requested.     Chrome Whiteboard App (link)   Answer the following questions by talking into your camera and update the drawings as directed. Keep your face visible while doing so.    Part 1: – Correctly draw the AS/AD graph and show the economy is below full-employment as demonstrated in our book.   – Correctly draw a Phillips Curve and place a point on the curve. Label the point “Point A”.   – Correctly draw a Production Possibilities Curve with “Consumption” on the X axis and “Investment” on the Y axis. Draw a point on the PPC that could correspond with the previous two graphs. Label this “Point A”   Part 2: – Now, say the Federal Reserve decreases interest rates in the economy. Draw the impact this would have on each of the graphs.    – Place a new point on each graph to represent the change and call it “Point B”. Include arrows to correctly demonstrate any movements or shifts in response to the scenario.   – Explain what you are doing, why the changes you are drawing occur, and how to interpret the economic consequences. If nothing changes on a graph, explain why.   Part 3: – Tell me what kind of economic issue might cause the Fed to consider this action. – Based on the stated objectives of the Fed, did the original graphs from part 1 merit raising interest rates?   Once you have completed your drawing and explaining your answers. You may submit your work by clicking the submit button at the bottom. I will grade your Honorlock video (you do not need to upload a picture).