Please answer the following questions

Question 9 Price LRAS level SRAS SRASI AD2 .AD, Y , Yo Real GDP per year If the economy is at point a, [ Choose ] a and b. b and d. ) If the economy is at point c, the Federal Reserve can close the a and d output gap by buying bonds. In the bond market, it is at the natural level of employment. c and d. Long-run equilibrium positions occur at points the supply curve shifts left, leading to an increase in bond prices and an increase in interest rates. employment is greater than the natural level of employment. the demand curve shifts right, leading to an increase in bond prices and a decrease in interest rates. it is in a recessionary gap. the demand curve shifts left, leading to a decrease in bond prices and an increase in interest rates. D Question 10 4 pts $12,000 10,000 year (billions of base- 8,000 Aggregate APR 12 W P MacBook Pro SC 20 @ $ # 70 3 5 - 6 Q W E R T Y U O P A S D F G H C KQuestion 8 Price LRAS level SRAS P2 b a d AD Y, Yo Real GDP per year The economy is initially at output level Y1 and there is [ Choose ] the short-run aggregate supply curve to shift to the left. the aggregate demand curve to shift to the left. Output is above or below potential? recessionary gap raise interest rates. inflationary gap Interventionist fiscal policy would do what to close the gap? establish a consumption tax to encourage savings. the short-run aggregate supply curve to shift to the right. below increase government spending A nonintervention policy would result in the restoration of above potential output by allowing the D Question 9 Price LRAS level SRAS SRASI b W P 3 18 APR 12 & % A 9 0 @ 8 6Question / What are the three types of monetary policy lags? the recognition lag, the identification lag, and the implementation lag the recognition lag, the inflation lag, and the impact lag the recognition lag, the implementation lag, and the government lag the recognition lag, the implementation lag, and the impact lag D Question 8 Price LRAS level P2 Po X Y Real GDP per year The economy is initially at output level Y1 and there is [ Choose ] Output is above or below potential? [ Choose ] ionict ficcal policy w 3 O 12 esc 20 200 poo A &Question 10 $12,000 dia. 10,000 8.000 Aggregate 6,000 expenditures ling . . . . . . Aggregate expenditures per year (billions of base- Xemiah Luoma