Consider the figure to the right. In the absence of a change in aggregate​ demand, what effect does negative economic growth have on the price level over​ time, other things being​ equal? Why? ​1.) Draw a new​ long-run aggregate supply curve that shows the effects of negative economic growth on the​ economy's long-run equilibrium. Label your line ​'LRAS2​.'   ​2.) Indicate the​ economy's new​ long-run equilibrium price and level of real GDP. Label this point ​'E2​.'   The change in the price level over time due to negative economic growth and the subsequent shift in​ long-run aggregate supply is known as

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