Show the shifts that result from each of the following shocks. Then use point E to identify the new short-run equilibrium. 3. The Fed increases the money supply. b. A bumper crop drives down food prices. HMS SRAS Price level. P AD Income, output, Y IRAS E SIMS Price level. P AD c. Computer hackers cause malfunctions among ATMs, increasing money demand and decreasing the velocity of money. IRAS E Sims Price level, P AD Income, output, Y d. A newly elected anti-business president imposes burdensome regulations, driving up rms' costs. The Fed decides to accommodate the shock. {MS SEAS Price level, P AD Income, output, Y