Free Response Answers
A.
B.
SRAS^1
P^2
P^1
Output/GDP
SRAS^2
AD
AS ,Price Level
LRAS
SRAS
AD^2
P^2
P^1
GDP
AD^1
AD ,Price Level ,Real Output
Part II: Macroeconomics
SRAS^1
P^2
P^1
Output/GDP
SRAS^2
AD
AS ,Price Level
LRAS
SRAS
AD^2
P^2
P^1
GDP
AD^1
AD ,Price Level ,Real Output
Part II: Macroeconomics