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General Equilibrium is a situation in which all market in an economy are simultaneously in equilibrium(both the good market and the money market in equilibrium,

General Equilibrium is a situation in which all market in an economy are simultaneously in equilibrium(both the good market and the money market in equilibrium, as shown below). Now suppose the U.S. economy is now shown at the intersection of the IS and LM curves. Now President Joe Biden passed his infrastructure bill. Please use graph to explain how such a bill may affect the economy in the long run and short run, in terms of price level, P, output Y and interest rate r. Please also add the AD-AS analysis with your argument.

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