Using Aggregate Supply and Aggregate Demand diagrams, show and explain how each of the following changes affect equilibrium Price Level (Inflation) and real GDP

Question- A large increase in the value of real estate, including private homes.

[place your diagram here]

Inflation: (increase/decrease)

Real GDP: (increase/decrease)

Which ceteris paribus change could have caused the shift?:

(Directions)

2- draw the new shifted curve and label it AD2 or AS2. Also label the new equilibrium price level and output P2 and GDP2.

3- paste the diagram into this document.

4- indicate if inflation and real GDP rise or fall and

5- explain why the ceteris paribus item change (e.g., decrease in consumer income, technical progress, etc.) caused the curve to shift to the right or to the left.