11. Price
Level
Real GDP orY
AD-AS Model
18
Long Run
Aggregate
Supply
Short Run
Aggregate
Supply
19
Aggregate
Demand
17
Inflation
Monetary Policy - Contract
Increase Discount Rate
Increase Reserve Ratio
Sell Securities
Reduces Money Supply
28. P2
P3
Price
Level
Real GDP orY
AD-AS Model
18
Long Run
Aggregate
Supply
Short Run
Aggregate
Supply
19
P1
Aggregate
Demand
17
Unemployment
Inflation
Recession