3. The long-run effects of monetary policy The following graphs plot the long-run equilibrium situation for an economy. The first graph plots the aggregate demand (AD) and long-run aggregate supply (LRAS) curves. The second graph plots the long-run and short-run Phillips curves (LRPC and SRPC, respectively). Which of the following statements are true based on these graphs? Check all that apply. The natural level of output is 6%. The natural rate of unemployment is 6%. It is impossible to determine the natural rate of unemployment from these graphs alone. Suppose the central bank of the economy pursues a policy that increases the money supply. Show the long-run effects of this policy on both of the graphs by shifting the appropriate curves. The long-run effect of the central bank's policy is in the inflation rate, in the unemployment rate, and in real GDP. Suppose the central bank of the economy pursue increases the money supply. Show the long-run effects of this policy on both of t 7ifting the appropriate curves. The long-run effect of the central bank's policy is in the inflation rate, in the unemployment rate, and in real GDP. Suppose the central bank of the economy pursues a policy that increases the money st no change Show the long-run effects of this policy on both of the graphs by shifting the appropriate cu The long-run effect of the central bank's policy is in the inflation rate, in the unemployment rate, and in real GDP. Suppose the central bank of the economy pursues a policy that increases the money supply. In effects of this policy on both of the graphs by shifting the appropriate curves. 'ect of the central bank's policy is in the inflation rate, in the unemployment rate, and in real GDP