Refer to the information provided in Figure 32.2 below to answer the question(s) that follow. 
Figure 32.2
-Refer to Figure 32.2. According to ________, a(n) ________ fiscal policy in the long run and after all the adjustments have been made increases price level above P1, but does not change equilibrium output.
Definitions:
Unidentified Principal
An unidentified principal occurs in agency relationships when the third party interacting with the agent does not know the identity of the principal for whom the agent is acting.
Disclosed Principal
A principal whose identity is made known by the agent to the third party at the time of entering into a contract with the third party.
Undisclosed Principal
A party in a contract whose identity is unknown to the third party with whom the agent interacts, during the transaction.
Contractual Liability
The obligation a party undertakes when entering into a contract, making them legally responsible for fulfilling the terms of the agreement.
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