Please solve this problem:

How would a 12 percent increase in nominal wages (with no change in productivity) affect aggregate demand and short-run aggregate supply? move that item. a) Show the affect by clicking and dragging the appropriate line(s) in the graph below. Select which item you want to move from the drop down menu at the top of the graph to Aggregate Supply 90- AD 75 Price Level 60- 45 Customize and control Google Chrome 30- AS 15- 10 20 30 40 50 60 70 80 90 Reset Real GDP b) How is the equilibrium price level affected? O increases O decreases O indeterminate c) How is the level of real output affected?75- Price Level 60- 45 30- AS 15. 0 10 20 30 40 50 60 70 80 90 Reset Real GDP b) How is the equilibrium price level affected? O increases O decreases O indeterminate c) How is the level of real output affected? O increases O decreases O indeterminate