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Using the graph, illustrate the long-run impact of the business pessimism by shifting both the aggregate demand (AD) curve and the short-run aggregate supply (AS) curve in the appropriate directions. 240 AS 200 AD 100 AS PRICE LEVEL 120 AD 40 200 400 600 100 1009 1200 OUTPUT (Bilions of dollars) Aggregate supply - SHIFT LEFT OR SHIFT RIGHT OR NO CHANGE Aggregate demand - SHIFT LEFT OR SHIFT RIGHT OR NO CHANGE In the long run, due to the business pessimism, the price level INCREASES OR DECREASES OR REM AINS THE SAME, the quantity of output EXCEEDS OR RETURNS TO OR FALLS SHORT OF the natural level of output, and the unemployment rate EXCEEDS OR RETURNS TO OR FALLS SHORT OF the natural rate