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LRAS SRAS2 SRAS 4 AD2 ADI Yp Real GDP Start at equilibrium point 1. Suppose there is a tax decrease across U.S. households. The new

LRAS SRAS2 SRAS 4 AD2 ADI Yp Real GDP Start at equilibrium point 1. Suppose there is a tax decrease across U.S. households. The new AD curve is (AD1, AD2) The new equilibrium is (1, 2, 3, 4) The price level will (rise, fall) A Real GDP will (rise, fall) A Cyclical unemployment will (rise, fall) A

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