11. Consider an economy in long run equilibrium. According to the AS/AD model, how would the following shocks affect real aggregate income (Y), real interest rates (r), and the price of goods and services (P) in the long run, all else equal? For each shock, make a long run prediction (up, down, or no change) for all three variables, and illustrate your predictions with an IS/LM diagram and an AS/AD diagram. UEconomics a. Taxes are increased of FIU Economics Property of FIU Econon b. The nominal money supply increases c. The expected rate of inflation decreases FIU Economies Property of FIU Econom d. Total factor productivity increases