(Solved): The hypothetical information in the following table shows what the situation will be in 2025 if the ...

The hypothetical information in the following table shows what the situation will be in 2025 if the Fed does not use monetary policy. If the Fed wants to keep real GDP at its potential level in 2025, it should use policy. Use the diagram to illustrate the effects of this monetary policy action consistent with the data for the year 2025 in the table above. Use the line drawing fool to draw new LRAS, AD without policy , and \( A D_{\text {weh policy }} \) lines. Be sure to properly label these lines. Carefully follow the instructions above, and only draw the required objects.