Home X D21 5-1 Quiz - ECO-2 x MindTap - Cenga X C Suppose an econ X Purina Cares | Pul X Course Hero X MindTap - Cenga X + V X G https:/g.cengage.com/staticb/ui/evo/index.html?deploymentld=5981412353502464190243042516&teISBN=9780357133576&id=1669245512&snapshotld=32... [ ... M Gmail YouTube Maps Free Trade Agreemchooling Home $ 7-2 ACC 201 Project.. Myia CENGAGE |MINDTAP Q Search this course ? My Home Module Five Quiz X Courses Back to Assignment Catalog and Study Tools Attempts Keep the Highest / 4 A-Z Rental Options 9 . Money Supply College Success Tips Suppose an economy is in long-run equilibrium. The central bank reduces the money supply by 5 percent. Career Success Tips ? Help Use your diagram to show what happens to output and the price level as the economy moves from the initial to the new short-run equilibrium. Give Feedback bongo LRAS O Aggregate Supply Aggregate Demand Aggregate Supply A+ Price Level V 3:09 PM Type here to search 58 F Partly sunny 2/5/2023Home X D21 5-1 Quiz - ECO-2 x MindTap - Cenga X C Suppose an econ X Purina Cares | Pul X Course Hero X MindTap - Cenga X + V X G https:/g.cengage.com/staticb/ui/evo/index.html?deploymentld=5981412353502464190243042516&teISBN=9780357133576&id=1669245512&snapshotld=32... [ ... M Gmail YouTube Maps Free Trade Agreemchooling Home $ 7-2 ACC 201 Project.. Myia CENGAGE |MINDTAP Q Search this course ? My Home Module Five Quiz O X Use your diagram to show what happens to output and the price level as the economy moves from the initial to the new short-run equilibrium. Courses Catalog and Study Tools Rental Options A-Z College Success Tips LRAS Career Success Tips Aggregate Supply Aggregate Demand ? Help Give Feedback Aggregate Supply Price Level bongo Aggregate Demand A+ Quantity of Output V Type here to search 3:09 PM 58 F Partly sunny 2/5/2023Home X D21 5-1 Quiz - ECO-2 x 2 MindTap - Cenga x C Suppose an econ X Purina Cares | Pu X *Course Hero X MindTap - Cenga X + X G https:/g.cengage.com/staticb/ui/evo/index.html?deploymentld=5981412353502464190243042516&teISBN=9780357133576&id=1669245512&snapshotld=32... [ . .. M Gmail YouTube Maps Free Trade Agreemchooling Home $ 7-2 ACC 201 Project.. Myia CENGAGE | MINDTAP Q Search this course ? My Home Module Five Quiz O X Courses Now adjust the graph to show the new long-run equilibrium. Catalog and Study Tools What causes the economy to move from its short-run equilibrium to its long-run equilibrium? A-Z Rental Options O The government increases spending to increase aggregate demand. College Success Tips O Nominal wages, prices, and perceptions adjust upward to this new price level. Career Success Tips O The government increases taxes to curb aggregate demand. O Nominal wages, prices, and perceptions adjust downward to this new price level. ? Help Give Feedback Which of the following is true according to the sticky-wage theory of aggregate supply as a result of the decrease in the money supply? Check all that apply. O Nominal wages at the initial equilibrium are greater than nominal wages at the new short-run equilibrium. Nominal wages at the initial equilibrium are greater than nominal wages at the new long-run equilibrium. O Real wages at the initial equilibrium are less than real wages at the new short-run equilibrium. O Real wages at the initial equilibrium are less than real wages at the new long-run equilibrium. A+ Judging by the impact of the money supply on nominal and real wages, this analysis consistent with the proposition that money has real effects in the short run but is neutral in the long run. V hype here to search M 3:09 PM 58 F Partly sunny A 2/5/2023