6. The central bank announces an unexpected monetary expansion resulting in the economy with an unexpected increase in aggregate demand (AD). The aggregate supply can be described by the equation . Please illustrate AD and AS on a graph to show short-run monetary nonneutrality and long-run monetary neutrality. (6%)
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. Please illustrate AD and AS on a graph to show short-run monetary nonneutrality and long-run monetary neutrality. (6%)