price level LRAS E SRAS AD Real GDP The graph above depicts a short-run aggregate supply curve accompanied by a long- run aggregate supply curve and a downward-sloping aggregate demand curve. With an upward-sloping short-run aggregate supply curve, an increase in government expenditure will most likely O reduce the price level O reduce the level of nominal gross domestic product O increase real gross domestic product O shift the short-run aggregate supply curve to the right O shift both the aggregate demand curve and the long-run aggregate supply curve to the left Onone of the above