(Answered) Draw the following graphs:(2 points) – Present a PPC for guns and butter showing a recession. Label…

Draw the following graphs:
(2 points) – Present a PPC for guns and butter showing a recession. Label the point X.
(4 points) – Present an AD-AS graph showing a recession. Identify:ADSRASLRASPrice Level PL1Full Employment-NRU-Potential RGDPActual RDGP output and PL1