The following graph shows the economy in long-run equilibrium at the expected price level of 120 and potential output of $300 billion. Suppose households become more optimistic about future economic conditions and increase consumption spending. Shift the short-run aggregate supply curve (SRAS) or the aggregate demand (AD) curve to show the short-run impact of the increase in consumption spending. SRAS PRICE LEVEL LRAS 500 000 REAL OOP ( ons of dollars) In the short run, the increase in consumption spending associated with the increase in household optimism shifts the curve to the -, causing the price level to the price level people expected and the quantity of output to potential output. The increase in consumption spending will cause the unemployment rate to the natural rate of unemployment in the short run. Again, the following graph shows the economy in long-run equilibrium at the expected price level of 120 and potential output of $300 billion before the increase in consumption spending associated with the increase in household optimism. Now, show the long-run impact of the increase in consumption spending by shifting both the short- run aggregate demand (AD) curve and the short- run aggregate supply curve (SRAS) to the appropriate positions. (Note: Assume that the increase in consumption spending does not cause a change in the economy's resources, technology, or productivity.) SRAS RICE LEVEL