On well-labeled AD-AS diagrams, please show how the following events affect output and overall price level and explain intuitively.

[a] A soaring stock market;

[b] A nationwide fall in input prices;

[c] Comparing [a] and [b], please explain the statement that NOT ALL EXPANSIONS (OR BOOMS) ARE ALIKE.

[d] What could the federal government and the Federal Reserve do to stabilize the economy with a soaring stock market?

[e] What could the federal government and the Federal Reserve do to stabilize the economy with a nationwide fall in input prices?

[f] If the government and the Fed do not intervene at all, how does a soaring stock market affect output and overall price level IN THE LONG RUN? [Hint: you are supposed to show the self-correction mechanism (SCM) of the economy.]

[g] If the government and the Fed do not intervene at all, how does a nationwide fall in input prices affect output and overall price level IN THE LONG RUN? [Hint: you are supposed to show the self-correction mechanism (SCM) of the economy.]