1) On the plots below, diagram the impact of the increase in the money supply. Please use a solid line! Be sure to include the time period immediately before the increase and the time immediately after the economy reached the final steady state. The dashed lines indicate where the previous period ended and the next one begins.

Real GDP Time Price Level Time Real Interest Rate Time Nominal Interest Rate Time Unemp. Rate Time Increase Short Long in Run Run MS Concludes/ Concludes Long Run Begins