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7. The lone-run seeregatn supply curve and short-run adjustments The following sragh shows an
economy's short.nun nggregate supply curve (SRAS), current equilbrlum sggregate price ievel ( (
P 1 ) , and real GDP' Qu). The economy aurrenthy has Notural Real CDP ( Q N ) of $8 trilion.
Whe this informadion to place the orange long-rin aggregate supply curve (LRAS, square
symbois) in the correct position on the graph. The equilbrium it, shown en the graply reveale that
real 500 ( 9 t ) is shitting SRLAS Notural Real Gop. As a tesuil, wages will over time.

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