LAS 130 SAS 120 Price level [GDP deflator, 2009 - 100) 110 100 90 AD2 ADI 17.0 17.5 18.0 18.5 19.0 19.5 Real GDP [millions of 2009 dollars) In the above figure, the shift from AD, to ADy might have been the result of O an increase in government expenditure. O a decrease in taxes. O an Increase in the quantity of money. O All of these answers are correct.LAS SAS 130 120 Price level [GDP deflator, 2009 - 100) 110 100 90 AD 170 17.5 18.0 18.5 19.0 19.5 Real GDP [millions of 2009 dollars) In the above figure, the short-run equilibrium is at the price level of and real GDP of 100: $17.5 trillion 120: $18 trillion O 110: $17.5 trillion 100: $18 trillionReference: Rof 12-06 (Figure: Shifts of the AD-AS Curves) In the short run, an increase in net exports is illustrated by: Panel (a) Price level Price level X X Y1 Y2 Y2 Y1 Real GDP Real GDP Panel (c) Panel (d) Price level Price level | SRAS, SRAS SRAS SRAS, PA P3 PA . . . . AD, AD Y Y 2 Real GDP Real GDP O Panel (a). O Panel (b]. O Panel (c). O Panel (d).Figure: Aggregate Supply Reference: For 12-06 (Figure: Aggregate Supply) If the economy is at point E, which of the following describes the likely adjustment process? Aggregate price level LRAS SRAS E 0 Potential GDP Real GDP O Nominal wages increase, and the short-run aggregate supply curve shifts left until actual and potential output are equal O Nominal wages increase, and the short-run aggregate supply curve shifts right until potential output is greater than actual output. O Nominal wages decrease, and the short-run aggregate supply curve shifts right until actual and potential output are equal. O Nominal wages decrease, and the short-run aggregate supply curve shifts right until potential output is less than actual output