Use AD/AS model to solve the following problems. You have to DRAW and explain AD/AS model. Q1. Hydraulic fracturing (fracking) has the potential to significantly increase the amount of natural gas produced in the United States. Assume a large percentage of factories and utility companies use natural gas.
Scenario A: the economy is operating at a full employment level of output.
Scenario B: The economy is operating below full employment.
what will happen to output, the price level, and employment as fracking becomes more widely used?