Use the following to answer questions :
Figure: AD-AS 
-(Figure: AD-AS) Refer to the figure AD-AS. If our economy is at equilibrium with low-level inflation and the Fed uses expansionary monetary policy, the initial effect is that _____ will shift to _____ and the economy will move from _____.
Definitions:
Period Cost
Period costs are expenses that are not directly tied to the production process and are expensed in the period they are incurred, such as administrative and selling expenses.
VP of Sales
A top executive responsible for leading the sales department, developing sales strategies, and driving revenue growth for an organization.
Overhead Allocated
The portion of indirect costs assigned to a specific project or production process, often based on predetermined rates or actual expenses.
Period Costs
Expenses that are not directly tied to the production of goods and are expensed in the period they are incurred.
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