Show the shifts that result from each of the following shocks. Then use point 2 to identify the new short-run equilibrium. a. The Fed increases the money supply. LRAS E SRAS Price level, P AD Income, output, Y b. A bumper crop drives down food prices. LRAS E SRAS Price level, P AD Income, output, Yc. Computer hackers cause malfunctions among ATMs, increasing money demand and decreasing the velocity of money. LRAS E SRAS Price level, P AD Income, output, Y d. A newly elected anti-business president imposes burdensome regulations, driving up firms' costs. The Fed decides to accommodate the shock. LRAS E SRAS Price level, P AD Income, output, Y