Long Run Impacts: In the absence of policy intervention (by either the fiscal or monetary authorities), as we transition from the short run equilibrium to the long run equilibrium, what does the model predict would happen to: the LRAS? Long Run Impacts: In the absence of policy intervention (by either the fiscal or monetary authorities), as we transition from the short run equilibrium to the long run equilibrium, what does the model predict would happen to: the LRAS? No impact - stays where it is shifts leftwards shifts rightwards