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G chat gpt - Google Search LRAS P SRAS A B e AD3 D AD2 E "AD1 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 a recession and the Fed pursues expansionary monetary policy. Using the basic AD-AS model in the figure above, this would be depicted as a movement from O C to D C to B O B to C D to C A to E