Suppose the aggregate demand curve is given by the equation: Y = 460 + 20M/P. The full-employment level of output is 800 and the current nominal money supply is 25. If the economy is in full-employment equilibrium, calculate the current price level. (Round to three decimal places.) With the price level fixed at 1.471, suppose the nominal money supply changes by 3 and is now 28. Now find the short-run equilibrium level of output. (Round to one decimal place.) To return to long-run equilibrium, the price level must adjust, shifting the short-run aggregate supply curve. The long-run equilibrium price level is: (Round to three decimal places.) P = Y = P =