Draw a graph that illustrates a demand$-$pull inflation.

The graph shows the aggregate demand curve, aggregate supply curve, and the potential GDP line.

Draw a curve that shows the effect of an increase in the quantity of money. Label it $\backslash ($ C$\_\{1\}\backslash ).$

Draw a curve that shows the money wage rate response that returns the economy to potential GDP$.$ Label it $\backslash ($ C$\_\{2\}\backslash ).$

Draw a curve that shows the effect of another increase in the quantity of money. Label it $\backslash ($ C$\_\{3\}\backslash ).$

Draw a curve that shows the money wage rate response that returns the economy to potential GDP$.$ Label it $\backslash ($ C$\_\{4\}\backslash ).$

Draw a point at the new price level and real GDP when the economy returns to its new long$-$run equilibrium.