K Millennials Projected to Spend $1.4 Trillion as Influence Grows Price level (GDP deflator, 2012=100) In 2020, U.S. millennials are projected to spend $1.4 trillion, which will make them the country's highest spending generation. In 2018, millennials were big spenders on pet 140 LAS food $6 billion-and on lawn and garden supplies-$12 billion, and these amounts are expected to grow. 130 Source: bizjournals.com, January 13, 2020 SASO Describe the macroeconomic equilibrium after the change in millennials' expenditure. 120 . . . 110 If the economy had been at a full-employment equilibrium, then the economy will be at 100 equilibrium in the short run. In the long run, the money wage rate to restore a full-employment equilibrium. ADO 90 O A. a below full-employment; rises O B. an above full-employment; falls 80- 15.0 16.0 17.0 18.0 19.0 20.0 O C. an above full-employment; rises Real GDP (trillions of 2009 dollars) O D. a below full-employment; falls >> > Draw only the objects specified in the