P SRAS B C AD3 D AD2 E AD1 Yp AD-AS graph has one vertical LRAS line, one upward-sloping SRAS line, and three downward sloping AD lines (AD1, AD2, and AD3 from left to right). There are 5 labeled intersecting points (points A-E). Point A is near the top of the LRAS line, where AD3 intersects with it. Point B is to the right of the LRAS line, where AD3 intersects with the SRAS line. Point C is on the LRAS line, where AD2 and the SRAS line all intersect. Point D is to the left of the LRAS line, where AD1 intersects with the SRAS line. Point E is near the bottom of the LRAS line, where it intersects with AD1. Suppose the economy is in an expansion and the Federal government pursues contractionary fiscal policy. Using the basic AD-AS model in the figure above, this would be depicted as a movement from O B to C O A to E O A to B O C to B O C to D Question 4 2 pts LRAS P SRAS A B C AD3 D AD2 E AD1 Yp AD-AS graph has one vertical LRAS line, one upward-sloping SRAS line, and three downward sloping AD lines (AD1, AD2, and AD3 from left to right). There are 5 labeled intersecting points (points A-E). Point A is near the top of the LRAS line, where AD3 intersects with it. Point B is to the right of the LRAS line, where AD3 intersects with the SRAS line. Point C is on the LRAS line, where AD2 and the SRAS line all intersect. Point D is to the left of the LRAS line, where AD1 intersects with the SRAS line. Point E is near the bottom of the LRAS line, where it intersects with AD1. Suppose the economy is in macroeconomic equilibrium and the Federal government pursues contractionary fiscal policy. Using the basic AD-AS model in the figure above, this would be depicted as a movement from O C to D O B to A O C to B O B to C O A to B