13)Initially, an economy isin long-run equilibrium with a real GDPof $4 trillion.

Suppose that people desire to purchase more goodsand services, but there is no change in the productive capacity of the economy.

1.)Using the line drawingtool,show the effect on the economy. Properly label your new line.

2.)Using the point drawingtool,show the new equilibrium price level and output. Label the pointE2.

Carefully follow theinstructions above, and only draw the required objects.

220- 200- LRAS1 180- 160- 140- Price Level 120- 80- 60- 40- AD N 6 8 10 Real GDP per year ($ trillions)