7. The long-run effects of monetary policy The following graphs show the state of an economy that is currently in long-run equilibrium. The first graph shows the aggregate demand (AD) and long-run aggregate supply (LRAS) curves. The second shows the long-run and short-run Phillips curves (LRPC and SRPC). (?) LRAS O AD LRAS PRICE LEVEL AD 2 3 E OUTPUT (Tri ions of do ars) (?) LRPC O SRPC LRPC INFLATION RATE GRPC 12 15 UNEMPLOYMENT RATE (Percent)Which of the following statements are true based on these graphs? Check all that apply. The current quantity of output is greater than potential output. The unemployment rate is currently 9% higher than the natural rate of unemployment. The natural level of output is $3 trillion. Suppose the central bank of the economy 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 V in the inflation rate, in the unemployment rate, and in real GDP