(Figure: The Money Supply and Aggregate Demand) Use Figure: The Money Supply and Aggregate Demand. If the Federal the money Reserve intended to encourage investment and expand the economy, it would Treasury bills, supply, and interest rates. This is shown in panel. Price level P₂ P₁ Y₁ Panel (a) AD₁ sell; increase; lower; (b) buy; increase; raise; (a) O buy; increase; lower; (a) O buy; decrease; lower; (a) Y₂ SRAS AD₂ Real GDP (per year) Price level P1 P₂ Panel (b) Y₂ Y₁ SRAS AD₂ AD₁ Real GDP (per year)

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