South Koreas e-commerce exports soar to 25% in 2018, backed by growing demand for K beauty, K pop goods. https://www.youtube.com/watch?

Assume that South Korea’s macroeconomic equilibrium was at full employment prior to the event occurring. Using AD-AS model, explain carefully the immediate and long-term effects of the event for the South Korean economy. Draw by hand the appropriate Aggregate Demand-Aggregate Supply diagram to support your explanation.