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1. As more people in in the United States have access to higher education, explain how potential GDP and aggregate supply will change in the long run. 2. The United States is at full employment when the Fed cuts the quantity of money, and all other things remain the same. Explain the effect of the cut in the quantity of money on aggregate demand in the short run. THANK YOU.

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1. As more people in in the United States have access to higher education, explain how potential GDP and aggregate supply will change in the long run. 2. The United States is at full employment when the Fed cuts the quantity of money, and all other things remain the same. Explain the effect of the cut in the quantity of money on aggregate demand in the short run. THANK YOU

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