p Ruritania's economy is depicted below, with the long run I aggregate supply curve (LRAS), three short run aggregate supply curves (ASL A32, and A83) and three aggregate demand curves (ADl , AD2, and AD3). Right now, Ruritania is at point A, with real GDP of 7 trillion krone and a price 3 level of 100. Answer the questions based on the information in the graph. A shift to which curve would result in a short run equilibrium of 9 trillion krone and a higher price level? Price level 200 180 160 140 120 100 80 60 40 20 EADI 7 8 9 [0 ll 12 l3 14 Real GDP (trillion krone] Which of the scenrios could cause the shift in the first question? O Reduced government spending O Lower consumer optimism O Increased consumer optimism O Lower consumer confidenceIf the aggregate supply curve shifts left, 0 there will be a movement to a lower level of spending along the aggregate expenditure curve and a movement to a lower GDP level along the aggregate demand curve. 0 there will be a movement to a lower level of spending along the aggregate expenditure curve and a movement to a higher GDP level along the the aggregate demand curve. 0 there will be a downward shift of the aggregate expenditure curve and a movement to a lower GDP level along the aggregate demand curve. 0 there will be an upward shift of the aggregate expenditure curve and a movement to a higher GDP level along the the aggregate demand curve