Question: 3 The graph below shows the long-run aggregate supply curve for the country of Utopia. Graph Summary Instructions Tools Aggregate Supply Long-Run Aggregate 160 LRAS

The graph below shows the long-run aggregate supply curve for the country of Utopia. Graph Summary Instructions Tools Aggregate Supply Long-Run Aggregate 160 LRAS 140 120 100 Price Level 80 60 40 20 O 20 40 60 80 100 120 140 160 Real GDP (billions of dollars) Legend . Long-Run Aggregate a. If the price level rises from 100 to 120, real GDP will O Increase. O decrease. O remain the same. Now suppose that Utopia experiences an increase in capital from previous investment. b. Using the graph above, draw a new long-run aggregate supply curve for Utopia showing this increase in capital. Instructions: Use the directional arrow tool provided "Long-Run Aggregate Supply, LIRAS, " to shift the LRAS curve to its new

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