v ng.cengage.com C + 88 Homework 3: Introduction to Macroeconomics MindTap - Cengage Learning C The following table shows data on a hypothetical c... |... c | Chegg.com CENGAGE | MINDTAP Q Search this course ? Aplia Homework: Introduction to Macroeconomics X 5. Using the AD-AS model to understand U.S. economic nistory During World War II, the U.S. government spent billions of dollars on aircraft, ships, and munitions. This government spending raised both employment and output. It also sparked much higher prices for all kinds of goods. The following graph shows the aggregate demand (AD) and aggregate supply (AS) curves for the United States in 1941. A-Z O Shift one of the curves on the following graph to illustrate the effect of increased U.S. government spending during World War II. M ? O AS AD bongo AS PRICE LEVEL AD O REAL GDP (Billions of dollars) Grade It Now Save & Continue