Suppose expansionary monetary and fiscal policies are used to correct the recessionary gap. Use the graph template below to demonstrate the changes. Explain how these policies affect real GDP, unemployment, and price levels (inflation). Evaluate the trade-offs of associated with expansionary policies.

Demonstrate the shift of either AD or SRAS. Properly label the graph to demonstrate the shift and use the appropriate directional Price Level arrows. (delete the data you do not use) (GDP Deflator) Graph A LRAS SRAS Ple SRASZ AD2 PLZ AD Ye Yf Output (RGDP]