Use the following to answer questions:
Figure: AD-AS 
-(Figure: AD-AS) Refer to Figure: AD-AS. Assume that the economy is in long-run equilibrium. If the Federal Reserve lowers the key interest rate:
Definitions:
Talking Headings
Talking Headings are summarized headers that guide the reader through a document, often used to make written information more engaging and easier to follow.
Topic Headings
Labels or titles that organize content into manageable sections that provide insight into the subject matter covered.
Present-Time Viewpoint
A perspective or narrative technique focusing on events, emotions, or actions occurring in the current moment, often to enhance immediacy and engagement.
Present Tense
A grammatical tense used to describe actions or conditions occurring at the current moment.
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