Need help with this. THanks! The inflation rate between 2021 and 2022 is _______ . Options: 1.79% / 1.82% / 50.45% / 98.21%The growth rate of full-employment output between 2021 and 2022 is _______ . Options: 4.63% / 8.85% / 9.71% / 91.15%Which of the following explains the increase in the price level from 2021 to 2022?- ○ The economy experienced cost-push inflation.- ○ Aggregate demand increased at a faster rate than full-employment output.- ○ Full-employment output increased at a faster rate than total spending.Which of the following are possible reasons for the rightward shift of the LRAS curve between 2021 and 2022? *Check all that apply.*- □ An increase in the size of the labor force- □ An increase in taxes- □ An increase in consumption spending **Aggregate Demand and Supply Dynamics for a Hypothetical Economy**This diagram illustrates the shifts in aggregate demand and aggregate supply for a hypothetical economy between 2021 and 2022.### Curve Shifts:- **Aggregate Demand (AD):** The AD curve shifts rightward from \( AD_1 \) to \( AD_2 \). This indicates an increase in aggregate demand over the period.- **Short-Run Aggregate Supply (SRAS):** The SRAS curve shifts from \( SRAS_1 \) to \( SRAS_2 \), indicating changes in short-run production capabilities or costs.- **Long-Run Aggregate Supply (LRAS):** The LRAS curve moves rightward from \( LRAS_1 \) to \( LRAS_2 \), suggesting an increase in the economy's potential output.### Graph Details:- The vertical axis represents the **Price Level (CPI)**, ranging from 110 to 112.- The horizontal axis shows **Real GDP (Trillions of dollars)**, with markers at 8.75 and 9.6 trillion dollars.- Intersection points on the graph correspond to changes in equilibrium involving inflation and output levels.These shifts indicate economic growth, characterized by increased output (higher Real GDP) and changes in the price levels. Understanding these movements helps in analyzing factors such as policy impacts, resource availability, and market adjustments.

AD and AS are the two market forces which determines the price and output level in the economy. At…

The inflation rate between 2021 and 2022 is The growth rate of full-employment output between 2021 and 2022 is Which of the following explains the increase in the price level from 2021 to 2022? 1.79% / 1.82% / 50.45%/98.21% O The economy experienced cost-push inflation. O Aggregate demand increased at a faster rate than full-employment output. O Full-employment output increased at a faster rate than total spending. An increase in the size of the labor force Which of the following are possible reasons for the rightward shift of the LRAS curve between 2021 and 2022? Check all that apply. An increase in taxes An increase in consumption spending 4.63%/8.85%/9.71%/91.15%