Explain whether each of the following events shifts the short-run aggregate supply curve, the aggregate demand curve, both, or neither. Draw a diagram to show what happens to output and the price level in Pakistan, assuming policymakers take no action.   The Karachi stock market declines sharply, reducing consumers’ wealth. A severe Flood damages factories along the Indus River. Pakistan experiences a wave of immigration A boom overseas causes foreigners to buy more Pakistan goods.

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A: PLEASE FIND THE ANSWER BELOW.

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