Please answer the whole thing

ng.cengage.com engage Learning Marley Ray Essay 2 - English Composition. Essay 2 - Google Docs Untitled docun CENGAGE | MINDTAP Aplia Homework Aggregate Supply 100 90 TO PRICE LEVEL 60 50 20 REAL GDP (Trillions of dollars) Identify which curve on the previous graph corresponds to each of the following descriptions. If the curve described is not shown on the graph, choose Not Shown. In the descriptions, AD represents aggregate demand; SRAS represents short-run aggregate supply; LRAS represents long-run aggregate supply. Description c d Not Shown SRAS if the expected price level is 60 SRAS if the expected price level is 70 AD RAS SRAS if the expected price level is 50 Suppose the economy is currently in short-run equilibrium at point L. In this case, the economy is producing at an output level its potential output. At current prices and wage levels, real wages are what firms and workers expected when they agreed on wage contracts. In the long run, if the price level and the nominal wage are both flexible, wages will _ , which will cause the curve to shift to the . Assuming the other two curves do not change, the economy will reach a new equilibrium at an output of and a price level of Grade It Now Save & Continue MayBea