O in the short run there is ambiguity in how the overall price level (P] might change--if at all The graph below depicts the aggregate demand, long-run aggregate supply, and short-run aggregate supply curves for the United States at an initial long-run macroeconomic equilibrium. Price level Question 24 2 p LRAS X. For the situation described in Question 22 above, what will the long-run changes to real GDP (Y) and the overall price level (P) be relative to the initial equilibrium? Select both correct answers. in the long run real GDP (Y) will decrease in the long run real GDP (Y) will stay the same Real GDP in the long run real GDP (Y) will increase m in the long run there is ambiguity in how real GDP (Y) might change--if at all Consider a situation in which (1) there are temporary supply-chain bottlenecks slowing the in the long run the overall price level (P) will decrease distribution of intermediate goods and finished goods, (2) Congress passes and the President signs O in the long run the overall price level (P) will stay the same into law a large fiscal stimulus, and (3) the Federal Reserve follows that up with accommodation monetary policy. [Hint: Would accommodation monetary policy be expan onary or contractionary in O in the long run the overall price level (P) will increase this context?] O in the long run there is ambiguity in how the overall price level (P) might change--if at all Which one of the graphs below illustrates the shift(s) in this model given this situation? A -= B) - D Question 25 2 pts SAD Take Question 23 2 pts Real GDP For the situation described in Question 22 above, what will the short-run changes to real GDP (Y) and Consider a situation in which (1) there are temporary supply-chain bottlenecks slowing the the overall price level (P) be relative to the initial equilibrium? distribution of intermediate goods and finished goods, (2) Congress passes and the President signs into law a large fiscal stimulus, and (3) the Federal Reserve follows that up with accommodation Select both correct answers. monetary policy. [Hint: Would accommodation monetary policy be expansionary or contractionary in this context?] O in the short run real GDP (Y) will decrease Which one of the graphs below illustrates the shift(s) in this model given this situation? in the short run real GDP (Y) will stay the same A) -- B -- ( in the short run real GDP (Y) will increase O in the short run there is ambiguity in how real GDP (Y) might change--if at all O in the short run the overall price level (P) will decrease in the short run the overall price level (P) will stay the same O in the short run the overall price level (P) will increase in the short run there is ambiguity in how the overall price level (P] might change.if at all C ) - - D) - Question 24 2 pts For the situation described in Question 22 above, what will the long-run changes to real GDP (Y) and the overall price level (P) be relative to the initial equilibrium? Select both correct answers