Part IV Using the AD - AS Model to Illustrate Use this graph of Aggregate Demand and Short-Run Aggregate Supply to illustrate the changes you reported in questions 2 and 3 in Part III. Draw new AD and SRAS lines and find the new equilibrium RGDP and Price Level. Take a photo of your graph and submit it as an attachment in your D2L Assignment Average Price level SRAS AD Output 1. Does output (i.e. RGDP) increase or decrease in your model? 2. Does the price level increase or decrease in your model? 3. According to the AD-AS model, what will happen to the Unemployment rate based on your graph? Tip: recall the relationship between output (RGDP) and unemployment.