Graphically show the impact of amonetary expansion in the long-run (increase in Money Supply--OMO Fed Res bond purchases)

Include all four graphs: Federal Funds Market, Money Market, Planned Expenditure, AS&AD.

1. Start with initial steady state.
2. Show impact of monetary expansion in the short-run.
3. Next show the long-run impact if the Federal Reservedoes not make any additional policy changes.
4. Show theself-correcting mechanism(money neutrality).
5. Show the new steady state.

Tips:

Use one sheet of white paper-landscape orientation.

Use colored pens/pencils.