If the U.S. Economy is operating at output levels beyond full employment, assuming there is no policy that is changing this, can you draw the change in short run aggregate supply as well as the new equilibrium point and price level? I know the SRAS would decline but how would that affect the Price level, and equilibrium output on a graph? There were two parts to the question. Part A asked about the what the LRAS, equilibrium output, and price levels if the U.S. was operating beyond full employment currently. Here's the first graph: