On the following graph, AD1represents the initial aggregate demand curve in a hypothetical economy, and ASrepresents the initial aggregate supply curve. The economy's full-employment output is $12 billion.

(?) AS 106 105 Equilibrium 104 103 102 PRICE LEVEL (CPI) 101 AD 100 AD 3 99 AD , 98 AD 97 Full Employment 8 10 12 13 14 15 16 REAL GDP (Billions of dollars) The initial short-run equilibrium level of real GDP is $ billion, and the initial short-run equilibrium price level is Suppose the government, seeking full employment, borrows money and increases its expenditures by the amount it believes necessary to close the output gap. According to critics of Keynesian fiscal policy, the government policy may result in partial crowding out. Which of the following aggregate demand curves shown in the previous graph would be consistent with partial crowding out? O AD2 O AD 3 O ADA As a result, the equilibrium level of real GDP will be $ billion, and the equilibrium price level will be